© 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 Photograph
2/2
(Reuters) -Barry Callebaut, the world’s largest chocolate maker, on Wednesday appointed Peter Feld as its new chief government after reporting a decline in first half gross sales volumes.
Feld succeeds the outgoing CEO Peter Boone, who steps down as a consequence of private causes, with fast impact. Feld beforehand held the highest place at Jacobs Holding, Barry Callebaut’s largest shareholder.
The Zurich-based firm, which provides chocolate for the Magnum ice lotions made by Unilever (NYSE:) and for Nestle’s KitKat bars, mentioned 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 international manufacturers.
Decrease volumes led the chocolate maker to replace its 2023 steerage. The corporate now forecasts quantity progress to be “flat to modest,” in keeping with its CFO Ben De Schryver.