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 December 10, 2014, the Board of Directors consisted of nine members, of which are eight non-executive Directors, and one is an executive Director (acting Group CEO Juergen Steinemann). 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.
At the Annual General Meeting of December 10, 2014, Ajai Puri resigned from the Board. The Board of Directors under the Chairmanship of Andreas Jacobs thanks Ajai Puri for his valuable contributions to the development of Barry Callebaut.
The composition of the Board of Directors of Barry Callebaut as of December 10, 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|