– UK, London – Associated British Foods plc (LSE:ABF), announces that Peter Smith is today retiring as a non-executive director of the Company, having served nine years as a member of the board. The board would like to thank Peter Smith for the significant contribution he has made during his tenure, well beyond his leadership of the Audit Committee.
The Company also announces today that Richard Reid has been appointed as a non-executive director of the Company. He joins the board with effect from 14 April 2016. Richard will succeed Peter Smith as Chairman of the Audit Committee.
Richard Reid was formerly a partner at KPMG LLP, having joined the firm in 1980. From 2008, he served as London Chairman at KPMG until he retired from that role and KPMG in September 2015. Previously, Richard was KPMG’s UK chairman of the High Growth Markets Group and chairman of the firm’s Consumer and Industrial Markets group.
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