Barry Callebaut appoints new CEO after H1 gross sales drop By Reuters

© Reuters. FILE PHOTO: The emblem of chocolate and cocoa product maker Barry Callebaut is pictured in the course of the firm’s annual information convention in Zurich, Switzerland, Nov. 7, 2018. REUTERS/Arnd Wiegmann/File Picture


(Reuters) -Barry Callebaut, the world’s greatest chocolate maker, on Wednesday appointed Peter Feld as its new chief govt after reporting a decline in first half gross sales volumes.

Feld succeeds the outgoing CEO Peter Boone, who steps down attributable to private causes, with quick impact. Feld beforehand held the highest place at Jacobs Holding, Barry Callebaut’s greatest shareholder.

The Zurich-based firm, which provides chocolate for the Magnum ice lotions made by Unilever (NYSE:) and for Nestle’s KitKat bars, stated gross sales volumes in its first half of fiscal 2022/2023 fell 2.9% to 1.130 million tonnes.

Barry Callebaut’s volumes have been hit by rising inflationary pressures dampening demand for chocolate and the restricted availability of its world manufacturers.

Decrease volumes led the chocolate maker to replace its 2023 steering. The corporate now forecasts quantity development to be “flat to modest,” in line with its CFO Ben De Schryver.

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