Associated British Foods plc (ASBFY)

24.11 -0.11 (-0.47%) At close: 03:45PM 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
Industry: Packaged Foods
Full Time Employees: 132,000

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. George Garfield Weston	CEO & Exec. Director	2.76M	N/A	1964
Mr. John George Bason	Fin. Director & Exec. Director	2.05M	N/A	1957
Ms. Sue Whalley	Chief People & Performance Officer	N/A	N/A	N/A
Mr. Paul A. Lister	Company Sec.	N/A	N/A	1964
Mr. Paul Marchant	Chief Exec. Officer of Primark/Penneys	N/A	N/A	N/A
Ms. Lynne Walker	Director of Primark Cares	N/A	N/A	N/A
Ms. Katharine Stewart	Ethical Trade & Environmental Sustainability Director	N/A	N/A	N/A

Amounts are as of December 31, 2022 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, 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 selling 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, menswear, kids wear, accessories, homeware, and beauty products. The company was incorporated in 1934 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 February 1, 2023 is 4. The pillar scores are Audit: 3; Board: 5; Shareholder Rights: 9; Compensation: 5.

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.