FollowBarry Callebaut, a well-known chocolate maker from Sweden, said that its chief executive officer is set to give up his position next year.
This declaration was made by Barry Callebaut after it reported a raise in its sales volume growth and a pick-up in its full year earnings.
The company is one of the leading chocolate producers for big food firms like Unilever and Nestle. It has already confirmed its financial targets for the fourth quarter and stated that it’s seeing a possibility of the company benefiting from its western Europe business where growth has been quite slow for the past few months.
Victor Balli, Chief Financial Officer of Barry Callebaut stated that at the moment, the market environment is very challenging so that company isn’t expecting a strong growth in the next coming months. He made it clear though that he’s expected that the company’s business in Europe will get back to giving Barry Callebaut a rapid profit growth.
Chief Executive Juergen Steinmann of the Swiss chocolate maker will be stepping down by the end of August of 2015 saying that he announced it ahead of time in order for the company to have a smooth transition.
Steinemann has been sitting in his position for more than 5 years now and with the integration of cocoa business that Barry Callebaut has acquired from Petro Foods almost completed, he has made a decision to give up his position as CEO of the company for family reasons.
