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Barry Callebaut AG (BARN.S)

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Summary

Name Age Since Current Position

Patrick De Maeseneire

60 2016 Non-Executive Chairman of the Board

Antoine de Saint-Affrique

53 2015 Chief Executive Officer, Member of the Executive Committee

Jakob Baer

73 2016 Non-Executive Vice Chairman of the Board

Victor Balli

60 2009 Chief Financial Officer, Member of the Executive Committee

Dirk Poelman

56 2012 Chief Operating Officer, Member of the Executive Committee

Carole Le Meur

52 2016 Member of the Executive Committee, Chief Human Resource Officer

Peter Boone

47 2017 Member of the Executive Committee, CEO & President Americas

Ben De Schryver

43 2017 Member of the Executive Committee, President Asia Pacific

Massimo Garavaglia

51 2015 Member of the Executive Committee, President EMEA

Pablo Perversi

47 2017 Member of the Executive Committee, Chief Innovation & Quality Officer

Steven Retzlaff

54 2013 Member of the Executive Committee, President Global Cocoa

Fernando Aguirre

60 2013 Non-Executive Director

James Donald

63 2008 Non-Executive Director

Nicolas Jacobs

35 2012 Non-Executive Director

Wai Liu

49 2014 Non-Executive Director

Timothy Minges

59 2013 Non-Executive Director

Andreas Schmid

60 2014 Non-Executive Director

Juergen Steinemann

59 2015 Non-Executive Director

Evelyn Nassar

Head of Investor Relations

Biographies

Name Description

Patrick De Maeseneire

Mr. Patrick G. De Maeseneire has been Non-Executive Chairman of the Board at Barry Callebaut Ltd since December 2016. He is Member of the Nomination & Compensation Committee at the Company. He was Non-Executive Vice Chairman of the Board of the Company from December 9, 2015. He resigned from the position of Member of the Senior Management Team and Chief Executive Officer of Barry Callebaut AG with effect from June 1, 2009, where he served as of June 1, 2002. He started his professional career in 1980 at Arthur Andersen (Consulting). Between 1980 and 1997, he held executive positions at Wang, Apple Computer, and Sun International. He joined the Adecco Group in 1998, where he held leading positions both in Europe and in the US. In 2009 he returned to Adecco to become Chief Executive Officer of the group, a position he held till August 2015. On November 4, 2015, he was named CEO of Jacobs Holding AG, the major shareholder of Barry Callebaut AG. Mr. De Maeseneire serves also on the Board of Ahold Delhaize, one of the largest global food retailers. Mr. De Maeseneire earned a Master’s degree in commercial engineering at the Solvay Business School of Brussels University (VUB), Belgium, and a special license in marketing management at the Vlerick Leuven Gent Management School, Belgium. He also completed studies in business management at the London Business School and INSEAD, Fontainebleau, France.

Antoine de Saint-Affrique

Mr. Antoine Bernard de Saint-Affrique has been Chief Executive Officer and Member of the Executive Committee of Barry Callebaut Ltd since October 1, 2015. From September 2011 until September 2015, he served as President Unilever Foods and Member of Unilever’s Group Executive Committee. Prior to this, Mr. de Saint-Affrique was Executive Vice President of Unilever’s Skin category. From early 2005 to mid 2009, he was Executive Vice President for Unilever’s Central and Eastern Europe region. Before joining Unilever in 2000, Antoine was Marketing Vice President and a Partner at Amora Maille. He served as a reserve naval officer between 1987 and 1988. He has a degree in business administration from ESSEC (1987) in Paris, and a qualification in executive education from Harvard Business School. Since 2004, he has led the marketing course at Mines ParisTech (Corps des Mines).

Jakob Baer

Dr. Jakob Baer has been Non-Executive Vice Chairman of the Board of Barry Callebaut Ltd since 2016. He was Non-Executive Director at Barry Callebaut Ltd from December 7, 2010. He has been Chairman of the Audit, Finance, Risk, Quality & Compliance Committee at the Company since December 8, 2011. He started his career in 1971 at the Federal Finance Administration. From 1975 until 1991, he was with Fides Group, where he held various positions, including Consultant, Head of Legal Department, Branch Office Manager Zurich, and Member of the Division Management Advisory Services. During 1991/1992, Dr. Baer led the planning and execution of the management buyout of the Advisory Services unit of Fides Group, which became part of KPMG Switzerland. He was Member of the Executive Committee of KPMG Switzerland from 1992 until 1994. From 1994 to 2004, he held the position of Chief Executive Officer of KPMG Switzerland and was a member of KPMG’s European and International Leadership Boards. Dr. Baer was Counsel at Niederer Kraft & Frey AG, attorneys at law, Zurich, Switzerland, from 2004 to 2009. He served as Member of the Board of Directors of Adecco from 2004 until April 2012, of Swiss Re and of Allreal Holding AG, each from 2005 until April 2014. He is Chairman of Staubli Holding AG and Member of the Board of Directors of Rieter Holding AG and IFBC AG, all in Switzerland. He was admitted to the bar (1971) and subsequently obtained a doctorate degree in law (Dr. iur.) from the Universitaet Bern.

Victor Balli

Mr. Victor Balli resigned as Chief Financial Officer and Member of the Executive Committee (before November 2009 known as Senior Management Team) of Barry Callebaut Ltd with effect from February 28, 2018, a position he has held since November 2009. Prior to that, he served as Member of the Senior Management Team and Chief Financial Officer of the Company from February 2007. Prior to that, he had been working for Minibar since 1996. He began his career at Minibar as Chief Financial Officer and additionally held the position of Chief Executive Officer EMEA as of 2005. During this time, he also served as Chief Financial Officer and Board Member of several Niantic group companies. From 1991 to 1995, he has worked as Principal with Adinvest AG. From 1989 to 1991, Mr. Balli has served as Director of Corporate Finance with Marc Rich & Co. Holding in Zug, Switzerland. He started his professional career in 1985, working as Financial Analyst and Business Development Manager at EniChem International SA in Zuerich and Milan. Mr. Balli holds a Masters degree in Economics from Universitaet St. Gallen and a Masters degree as Chemical Engineer from the Swiss Federal Institute of Technology in Zurich (Eidgenoessische Technische Hochschule Zuerich).

Dirk Poelman

Mr. Dirk Poelman has been Chief Operating Officer and Member of the Executive Committee (before November 2009 known as Senior Management Team) at Barry Callebaut Ltd since December 3, 2012. From June 12, 2012 till December 3, 2012 he served as Chief Operating Officer, Member of the Executive Committee and Chief Innovation Officer ad interim at the Company. Prior to that, Mr. Poelman acted as Chief Operating Officer (COO) and Member of the Executive Committee of the Company from November 2009. He became Company’s COO in September 2006. Since 1984, he has been working with Callebaut in various positions and countries: first as Engineering Manager, then as Production Manager, Operations Director and Chief Manufacturing Officer. In 1997, he became Executive Vice President Operations responsible for the operations of the total Group and Member of the Senior Management Team. In 2004, he was appointed Vice President Operations and Research & Development.

Carole Le Meur

Ms. Carole Le Meur has been Member of the Executive Committee and Chief Human Resource Officer of Barry Callebaut Ltd since April 1, 2016. From 2008 until joining Barry Callebaut, she worked with Baxter Healthcare, Inc. From 2008 to 2013, she was Vice President Human Resources EMEA based in Zurich, Switzerland. In 2014 she served as Vice President Human Resources Asia Pacific and Vice President Human Resources Intercontinental for Baxalta Incorporated prior to the spin-off from Baxter, with HR responsibility for the fast growth markets such as Latin America, Brazil, Russia, Turkey and Asia Pacific. From 2002 to 2008, Ms. Le Meur held several Global VP HR positions at Aventis, then Sanofi, a Healthcare company, including Vice President Staffing Aventis Pasteur, Vice President Human Resources Global Industrial Operations and R&D France. She started her career in FMCG as Brand Marketing Manager with ICI Paints/Dulux, after which she served in various Sales and Marketing positions in Europe for Procter & Gamble Pharmaceuticals from 1990 to 1996. From 1996 to 2002 she worked as an Executive Search consultant in the Healthcare and Consumer practices of two executive search firms in Europe. She holds Master’s degree in Management from EM LYON Business School with a major in International Affairs, as well as an Executive Master in Consulting and Coaching for Change from INSEAD and has completed executive programs at HEC and the Kellogg business school.

Peter Boone

Mr. Peter Boone has been Member of the Executive Committee and CEO & President Americas at Barry Callebaut Ltd since September 1, 2017. He was Member of the Executive Committee, Chief Innovation, Quality & Sustainability Officer of Barry Callebaut Ltd from November 2015. He served as Member of the Executive Committee and Chief Innovation & Quality Officer since June 24, 2013. He was Chief Innovation Officer and Member of the Executive Committee at the Company from December 3, 2012. From November 2010 to December 2012, Mr. Boone worked with Unilever as Chief Marketing Officer responsible for Australia and New Zealand. He was a member of the regional executive board. In his function as Chief Marketing Officer (CMO), he was responsible for the marketing of all brands in all categories in Australia and New Zealand. Mr. Boone started his career at the Information Services division of ITT Corp., where he worked in various marketing roles. In 1996, he joined Unilever as a Strategy Analyst at the Head Office in Rotterdam (The Netherlands). Mr. Boone also held other positions at Unilever such as Global Vice President Spreads & Cooking Products Category, Global Vice President Brand Development at the Unilever Headquarters in Rotterdam, the Netherlands, and Vice President Marketing & Sales Latin America Foods Solutions based in Sao Paulo, Brazil. He holds a Doctorate in Business Administration (Ph.D.) from the Erasmus University in Rotterdam (Erasmus Universiteit Rotterdam).

Ben De Schryver

Mr. Ben De Schryver has been Member of the Executive Committee and President Asia Pacific at Barry Callebaut Ltd since September 1, 2017. He has been President of Barry Callebaut in Region Asia Pacific since September 1, 2016. He has been with Barry Callebaut in a variety of sales and finance roles since 1999. He started with Barry Callebaut in Belgium in 1999 and transferred to Singapore in 2002 as Chief Financial Officer Region Asia Pacific. He then relocated to Canada as Director Pricing & Customer Services in 2007, before moving on to the company’s new regional head office in Chicago in 2009 where he last served as Chief Financial Officer Americas before being appointed President Asia Pacific as of September 1, 2016. Mr. De Schryver holds a Bachelor’s Degree in Accounting from University College in Ghent, Belgium

Massimo Garavaglia

Mr. Massimo Garavaglia has been Member of the Executive Committee and President EMEA at Barry Callebaut Ltd since October 1, 2015. He was Member of the Executive Committee and President of Western Europe at the Company from November 2009. Prior to that, he served as Member of the Senior Management Team and President of Western Europe at the Company from June 1, 2009. Prior to this position, he served as Member of the Senior Management Team and President Americas, from September 2006 till May 1, 2009. He also served as Member of the Senior Management Team and President of Food Manufacturers from September 10, 2004 till September 2006. He was also co-responsible for Americas until August 2009. From 1990 till 1992, he served as Sales Manager for an Italian food products importer. He joined Callebaut Italia SpA in 1992, and has served as Country Manager for Italy. After the merger between that company and Cacao Barry in 1996, he was the Company's Country Manager for Italy until 2003. From 2003 until September 2004, he has served as Manager Mediterranean Countries/Middle East/Eastern Europe. He holds a Masters degree in Economics and Business Administration from Universita Bocconi in Milan, Italy.

Pablo Perversi

Mr. Pablo Perversi has been Member of the Executive Committee and Chief Innovation & Quality Officer at Barry Callebaut Ltd since September 1, 2017. Before joining Barry Callebaut, Mr. Perversi worked for Unilever as Vice President Foods Europe, a business made of 50+ brands in Europe, serving 370 million consumers. In this position, he has also been a Unilever Europe Executive Team member, a Global Foods Executive Team member and a Vice President for Culinaria Europe. From 2011 to 2014 he was Vice-President Foods SEAA and Unilever SEAA Executive Team member. He started his career as a Trainee at Unilever UKI in 1993 in finance. From 1994 to 1997, he worked as Brand Manager Savoury and later Tea at Unilever UK, he then was Marketing Director Frozen Foods and Spreads at Unilever Argentina from 1997 to 2001. In 2001 he was promoted to the position of European Category Director and Spreads Unilever Europe and had the global lead for Spreads and the European lead for Dressings before he became Sales Director at Unilever Spain in 2004. From 2006 to 2009 he served as Vice President and Managing Director at Unilever North LatAm, a business fully dedicated to Food Service. From 2009 to 2011 he was Vice President Marketing Operations and Savoury Global Category and a member of the G10 Board, running all marketing operations for Food solutions across 10 regions and 36 countries. Mr. Perversi studied Industrial Engineering and Economics at the University of Birmingham. He also holds an accreditation from Cambridge University in Sustainable Leadership.

Steven Retzlaff

Mr. Steven Retzlaff has been Member of the Executive Committee and President Global Cocoa at Barry Callebaut Ltd since August 2013. He was Member of the Executive Committee (before November 2009 known as Senior Management Team) and President Global Sourcing and Cocoa of the Company from November 2009. Prior to that, he served as Member of the Senior Management Team and President of Global Sourcing & Cocoa at the Company from January 2008. Mr. Retzlaff started his career in 1987 at KPMG Peat Marwick in San Francisco, the United States, as Auditor. From 1990 to 1993, he worked as Supervising Audit Senior and Audit Manager for KPMG Fides in Zuerich, Switzerland. He then joined JMP Newcor AG in Zug, Switzerland, as Director of European Finance and Operations, where he worked for three years. Mr. Retzlaff joined Barry Callebaut AG as Chief Financial Officer of Barry Callebaut Sourcing AG in 1996. From 1999 to 2001, he served as Chief Financial Officer Swiss Operations (Barry Callebaut Sourcing AG and Barry Callebaut Switzerland AG). From 2001 to 2003, he served as Chief Financial Officer of the business unit Cocoa, Sourcing & Risk Management and, from 2003 to 2004, he worked as the Cocoa Division Head. In 2004, he was appointed President Sourcing & Cocoa and Member of the Senior Management Team. From September 2006 until January 2008, he focused on developing the Group's global compound business. Mr. Retzlaff is a Certified Public Accountant (CPA) and holds a Bachelor of Arts in Economics from Whitman College (Pricetown University). He also studied at the Institute of European Studies in Madrid and at Institut Europeen d'Administration des Affaires (INSEAD) in Fontainebleau.

Fernando Aguirre

Mr. Fernando G. Aguirre has been Non-Executive Director at Barry Callebaut Ltd since April 22, 2013. He has been Member of the Nomination and Compensation Committee at the Company. In his career, he served as Chairman and CEO of Chiquita Brands International Inc. from 2004 until 2012. Prior to Chiquita, Mr. Aguirre worked in various management positions for more than 23 years at The Procter & Gamble Co, such as President of Special Projects, President of the Global Feminine Care business unit, Vice President of Global Snacks and U.S. Food Products business units, Vice President of Laundry & Cleaning Products, Latin America, and Regional Vice President, Latin America, North. At present, Mr. Aguirre is Member of the Board of Directors of Aetna Inc., where he serves on the Audit Committee and also on the Nominating and Governance Committee. He was recently elected to serve on the Board of Coveris. He also served on the Board of Levi Strauss & Co. from 2010 to 2014, on the Board of Coca Cola Enterprises from 2005 to 2010, and as Member of the International Board of the Juvenile Diabetes Research Foundation from 2006 to 2012. He is Member of the Board of the Procter & Gamble Alumni Association and also Member of the Advisory Council of the Bechtler Museum of Modern Art in Charlotte, North Carolina. At present, he is the owner and CEO of the Erie Seawolves professional baseball team, an affiliate of the Detroit Tigers. He is also Vice Chairman of the Myrtle Beach Pelicans an affiliate of the Chicago Cubs. He holds a Bachelor of Science in Business Administration from Southern Illinois University Edwards-ville and earned Harvard Business School graduate status in 2009.

James Donald

Mr. James L. (Jim) Donald has been Non-Executive Director of Barry Callebaut Ltd since December 4, 2008. He was Member of the Nomination and Compensation Committee at the Company and has been its Chairman since December 8, 2011. He served from October 1996 to October 2002 as Chairman, President & Chief Executive Officer of Pathmark Stores, Inc. Prior to that time, he held a variety of senior management positions with Albertson’s, Inc., Safeway, Inc. and Wal-Mart Stores, Inc. From October 2002 to March 2005, Mr. Donald served as President of Starbucks, North America. He was also President & Chief Executive Officer of Starbucks Corporation from April 2005 to January 2008. Furthermore, Mr. Donald served as President and CEO of Haggan, Inc. from September 2009 until March 2011. Then, from February 2012 until August 2015, he served as CEO of Extended Stay. From 2008 until June 2013, he also served as a Board Member of Rite Aid Corporation. He graduated with a Bachelor’s degree in Business Administration from Century q, Albuquerque, New Mexico.

Nicolas Jacobs

Mr. Nicolas Jacobs has been Non-Executive Director of Barry Callebaut Ltd since December 5, 2012. He has been Member of Audit, Finance, Risk, Quality & Compliance Committee at the Company. He started his career at Goldman Sachs in 2006. In 2007, he joined Barry Callebaut as a Trader in the Global Sourcing & Cocoa business unit. As of 2008, he acted as Managing Director of the cocoa and chocolate operations of Barry Callebaut in South America. From 2011 until 2014, he served as a Senior Director for Global M&A and Development for Burger King Corporation, a subsidiary of Restaurant Brands International Inc. Since 2015, he has been Managing Partner of Consumer Investment Partners (CIP) AG, Zug, a private equity company focused on investments in the consumer goods space. Furthermore, Mr. Jacobs has been Board Member of Jacobs Holding AG since 2008 and has served as Executive Co-Chairman since April 2015. He holds Masters degree in Law from the University of Zurich, a Master of Finance of London Business School and he obtained a Master of Business Administration from INSEAD in Fontainebleau.

Wai Liu

Ms. Wai Ling (Winnie) Liu resigned as Non-Executive Director of Barry Callebaut Ltd with effect from December 31, 2017, a position she has held since December 10, 2014. She has been Member of the Nomination & Compensation Committee at the Company, She started her career as Executive Trainee with the Swire Group, a UK Conglomerate in Hong Kong. From 1992 until 1999, she worked for Nestle in Hong Kong, lastly as National Sales Head. She then served for Mars (Effems Food) China from 1999 until 2004, where she held several positions in Sales, Marketing and Key Account Management. From 2005 until 2007, she served as Regional Managing Director Southeast Asia (Singapore, Malaysia, Thailand, Philippines, and Indonesia) of adidas, where she was responsible for Total Business including Retail, Wholesale, Production and Supply Chain. In 2008, she joined Tesco China, which operates over 130 hypermarkets and 14 express shops and employs more than 26,000 staff. She first started as Chief Marketing Officer, then was appointed President for a Region, and last served as Chief Operating Officer. After Tesco, Winnie became the CEO of ENZO jewelry chain stores (Luxury Retail) in Greater China, from 2013 until 2015. Ms. Liu graduated with a Bachelor’s degree in Social Sciences, a Major’s degree in Management Studies and a Minor in Economics & Psychology from the University of Hong Kong in 1990.

Timothy Minges

Mr. Timothy Edward Minges has been Non-Executive Director of Barry Callebaut Ltd since April 22, 2013. He has been Member of the Audit, Finance, Risk, Quality & Compliance Committee at the Company. He spent 32 years at PepsiCo before retiring in 2016. Prior to retirement, Mr. Minges was Executive Vice President Chief Customer Officer, PepsiCo North America Beverages and a member of PepsiCo’s Executive Committee. Prior to 2013, he was President and CEO of PepsiCo’s operations in Greater China. He joined PepsiCo in 1983 in the finance department of Frito-Lay North America and was promoted to a series of roles in finance, sales and general management. Mr. Minges moved to Asia in 1994 as General Manager of Frito-Lay Thailand and later assumed a series of roles, including President Asia Pacific, from 1999 to 2003. Prior to PepsiCo Mr. Minges practiced as a CPA at Alexander Grant (now Grant Thornton). He sat on a variety of Boards at PepsiCo including the North American Coffee Partnership (a PepsiCo joint venture with Starbucks), Calbee Foods Japan, Pepsi-Cola Philippines and Serm Suk Thailand. At present, he is a non-executive board member of Tingyi-Asahi Beverages, PepsiCo’s China bottler. Mr. Minges holds a Bachelor of Science in Accounting from Miami University, Oxford, Ohio, and has completed the PepsiCo Executive Development Program at Yale School of Management.

Andreas Schmid

Mr. Andreas Schmid resigned as Non-Executive Director at Barry Callebaut Ltd with effect from December 31, 2017, a position he has held since December 10, 2014. Prior to that, he was Non-Executive Vice Chairman of the Board of Directors of the Company from December 2005. He has been Member of the Audit, Finance, Risk, Quality & Compliance Committee at the Company. He served as Non-Executive Chairman of the Board of Directors from June 1, 2002 till December 2005. He also served as Chairman of the Board, President and Chief Executive Officer of the Company from 1999 till June 1, 2002. He joined the Company's Board in 1997. He was appointed Chief Executive Officer of Jacobs Holding AG in 1997. He started s career at Union Bank of Switzerland in 1984. Following a position as Assistant to a Swiss industrialist, he served as Chief Executive Officer and Managing Director of Kopp Plastics (Pty) Ltd in South Africa from 1989 till 1992. He then served at Jacobs Group in various staff and line functions until 1993. From 1993 till 1997, he served as President of Moevenpick Consumer Goods Division and Member of the worldwide Group Executive Board of Management. From 2002 till 2006, he served as Chairman of the Board of Kuoni Travel Holding AG. He also served as Member of the Board of Adecco SA, from 1999 till 2004, and as Member of the Advisory Board of Credit Suisse Group from 2001 till 2007. Mr. Schmid has been Executive Chairman of Oettinger Davidoff Group, Chairman of the Board of Directors of Flughafen Zurich AG and gategroup Holding AG and Member of the Board of Directors of Karl Steiner AG. He holds a Master’s degree in law and studied economics at the Universitaet Zurich.

Juergen Steinemann

Mr. Juergen B. Steinemann has been Non-Executive Director of Barry Callebaut Ltd since December 9, 2015. He served as Non-Executive Vice Chairman of the Board from September 30, 2015 until December 9, 2015. He was Member of the Executive Committee, Chief Executive Officer and Non-Executive Vice Chairman of the Board at the Company from December 10, 2014 and prior to that, he acted as Chief Executive Officer and Member of the Executive Committee (before November 2009 known as Senior Management Team) from November 2009. Prior to that, he served as Member of the Senior Management Team and Chief Executive Officer of the Company from August 1, 2009. Before joining the Company, he served as Member of the Executive Board of Nutreco and as Chief Operating Officer since October 2001. From 1999 till 2001, he served as Chief Executive Officer of Unilever's former subsidiary Loders Croklaan. From 1990 till 1998, he served at former Eridania Beghin-Say Group, where he held various senior positions in business-to-business marketing and sales, ultimately in the Corporate Plan et Strategie unit at the Head Office in Paris, France. He serves as Chairman of the Supervisory Board of METRO AG, as Vice Chairman of the Supervisory Board of Big Dutchman AG and as a member of the Board of Directors of Lonza Group Ltd. Furthermore, he was recently elected as Chairman of the Supervisory Board of Bankiva B.V. and he has also been elected as a member of the Advisory Board of Tower Brook Capital Partner.

Evelyn Nassar