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Barry Callebaut's volumes have been hit by growing inflationary pressures dampening demand for chocolate and the limited availability of its global brands.
Barry Callebaut, the world's biggest chocolate maker, has appointed Peter Feld as its new chief executive after reporting a decline in first half sales volumes.
Peter Feld steps in for Peter Boone.
In news over-shadowed by the shock resignation of CEO Peter Boone, Barry Callebaut announced sales volumes in the six months ending 28 February fell 2.9% to 1.13 million tonnes and has lowered its sales volume guidance as inflationary pressures continue to bite into the world’s largest chocolate manufacturer’s outlook.
Peter Feld joins company from Jacobs Holding.