The Board of Directors is ultimately responsible for the policies and management of Barry Callebaut. The Board establishes the strategic, accounting, organizational and financing policies to be followed, and appoints the Executive Committee, to which the Board of Directors has delegated the operational management of Barry Callebaut. Besides its non-transferable and inalienable duties pursuant to Swiss corporate law, the Board has retained certain competencies as set forth in the Company’s Internal Regulations and in a detailed tabular Annex thereto, both of which are publicly accessible on this page.
As of August 31, 2014, the Board of Directors consisted of eight non-executive members. Each Director is elected by the shareholders of Barry Callebaut AG at the General Meeting for a term of office of one year and may be re-elected to successive terms.
After having served for nine years on the Board of Directors, Markus Fiechter resigned from the Board at the Annual General Meeting of December 2013. The Board of Directors under the Chairmanship of Andreas Jacobs thanks Markus Fiechter for his valuable contributions to the development of Barry Callebaut.
The composition of the Board of Directors of Barry Callebaut as of August 31, 2014, is as follows:
|W. Andreas Jacobs||German||Chairman||2003|
|Juergen B. Steinemann||German||Vice Chairman||2014|
|James L. Donald||American||Director||2008|
|Wai Ling 'Winnie' Liu||Hong Kong Chinese||Director||2014|
|Timothy E. Minges||American||Director||2013|