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Associated British Foods plc (ASBFF)

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33.08+1.45 (+4.58%)
At close: 11:33AM EDT

Associated British Foods plc

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

Sector(s)Consumer Defensive
IndustryPackaged Foods
Full Time Employees133,000

Key Executives

NameTitlePayExercisedYear Born
Mr. George Garfield WestonCEO & Executive Director2.93MN/A1964
Mr. Eoin P. Tonge B Eng, B.E.Finance Director & Director4.86MN/A1972
Ms. Sue WhalleyChief People & Performance OfficerN/AN/A1964
Mr. Paul A. Lister L.L.B.Company SecretaryN/AN/A1964
Mr. Paul MarchantChief Executive Officer of Primark/PenneysN/AN/AN/A
Ms. Lynne WalkerDirector of Primark CaresN/AN/AN/A
Ms. Katharine StewartEthical Trade & Environmental Sustainability DirectorN/AN/AN/A
Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, 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 Ingredients segment manufactures bakers' yeast, bakery ingredients, enzymes, lipids, yeast extracts, and cereal specialties. The Agriculture segment manufactures and sells animal feeds; and provides other products and services for the agriculture sector. The Sugar segment is involved in growing, processing, and selling sugar beet and sugar cane to industrial users. The Retail segment is involved in buying and merchandising clothing and accessories through the Primark and Penneys retail chains, which offer women's, men's, and kids wear, as well as beauty, homeware, and accessories. The company was incorporated in 1934 and is headquartered in London, the United Kingdom. Associated British Foods plc operates as a subsidiary of Wittington Investments Limited.

Corporate Governance

Associated British Foods plc’s ISS Governance QualityScore as of May 1, 2024 is 2. The pillar scores are Audit: 4; Board: 3; Shareholder Rights: 6; Compensation: 1.

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 a 10 indicates higher governance risk.