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Associated British Foods plc (ABF.L)

LSE - LSE Delayed price. Currency in GBp
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1,628.00-15.00 (-0.91%)
As of 8:41AM GMT. Market open.

Associated British Foods plc

Weston Centre
10 Grosvenor Street
London W1K 4QY
United Kingdom
44 20 7399 6500
http://www.abf.co.uk

Sector(s)Consumer Defensive
IndustryPackaged Foods
Full-time employees138,000

Key executives

NameTitlePayExercisedYear born
Mr. George Garfield WestonCEO & Exec. Director2.99MN/A1964
Mr. John George BasonFin. Director & Exec. Director2.07MN/A1958
Mr. Des PullenGroup HR DirectorN/AN/AN/A
Ms. Flic Howard-AllenHead of External AffairsN/AN/A1961
Ms. Julie WithnallGroup Head of RewardN/AN/AN/A
Mr. Paul A. ListerCompany Sec.N/AN/A1964
Mr. Paul MarchantChief Exec. Officer of Primark/PenneysN/AN/AN/A
Amounts are as of 31 December 2019, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in GBp.

Description

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses. The Sugar segment is involved in growing, processing, and sale of sugar beet and sugar cane to industrial users. The Agriculture segment manufactures and sells animal feeds; and provides other products and services for the agriculture sector. The Ingredients segment manufactures bakers' yeast, bakery ingredients, enzymes, lipids, yeast extracts, and cereal specialties. The Retail segment is involved in buying and merchandising clothing and accessories through the Primark and Penneys retail chains, which offer womenswear, lingerie, children's wear, menswear, footwear, accessories, hosiery, beauty, and homeware. The company was founded in 1935 and is headquartered in London, the United Kingdom. Associated British Foods plc is a subsidiary of Wittington Investments Limited.

Corporate governance

Associated British Foods plc’s ISS governance QualityScore as of 6 October 2020 is 4. The pillar scores are Audit: 1; Board: 6; Shareholder rights: 1; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.