Barry Callebaut: CEO Juergen Steinemann to step down at the end of fiscal year 2014/15

After serving as CEO of the Barry Callebaut Group since August 2009, CEO Juergen Steinemann has decided to step down from his executive function by the end of fiscal year 2014/15. The Board of Directors proposes to the AGM the election of Steinemann as new Board member and Vice Chairman. Steinemann said: “After an intense period as CEO of Barry Callebaut I would like to step down from my function at the end of the current fiscal year. Until then, I will continue to devote all my energy to Barry Callebaut and to ensure the current fiscal year is once again a successful one. I feel honoured that the Board is proposing me as a new Board member and Vice Chairman, as this will allow me to continue to support the further growth of our great company, building on the entrepreneurial spirit, the passion and unique expertise of all my colleagues.”

Andreas Jacobs, Chairman of the Barry Callebaut Group, said: “The Board of Directors regrets, but accepts Juergen Steinemann’s desire to step down from his executive function. He will stay on board until the end of this fiscal year; this will ensure a timely succession planning process and a seamless transition. The search for a successor is being initiated. The Board is keen to further benefit from Juergen Steinemann’s wealth of experience and proposes his election as a Board member and Vice Chairman of our company to our shareholders. Following shareholder approval of our proposal, we will be pleased to welcome him to the Board of Directors.”

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