Annual General Meeting 2019 of Barry Callebaut AG


Annual General Meeting 2019 of Barry Callebaut AG

All motions approved by shareholders
  • Patrick De Maeseneire reelected as Chairman
  • Board honored Jakob Baer and Juergen Steinemann who had decided to step down
  • All other Board members reelected for a term of office of one year
  • Dividend payout of CHF 26.00 per share approved
  • KPMG AG, Zurich, reelected as auditors of the company

The ordinary Annual General Meeting 2019 of Barry Callebaut AG was held today in Zurich-Oerlikon under the chairmanship of Patrick De Maeseneire, Chairman of the Board, and Jakob Baer, Vice-Chairman of the Board. 1,190 shareholders attended the meeting, representing 4,291,910 shares and equaling 78.19% of the issued share capital.

Barry Callebaut AGM 2019
Barry Callebaut AGM 2019 Patrick de Maeseneire
Patrick de Maeseneire, Chairman of Barry Callebaut

All motions were adopted as proposed by the Board of Directors, including the reelection of Patrick De Maeseneire as Chairman.

Barry Callebaut AGM 2019 - Jakob Baer
Jakob Baer, stepping down from the Vice-Chairman position

Jakob Baer, Vice-Chairman, Board member since 2010 and Chairman of the Audit, Finance, Risk, Quality & Compliance Committee (AFRQCC), and Juergen Steinemann, Board member since 2014 and member of the Nomination & Compensation Committee (NCC), stepped down from their respective functions. The Board of Directors expressed its sincere gratitude to Jakob Baer for his competent guidance, especially on topics related to accounting, compliance and governance during a phase of steep growth and global expansion for Barry Callebaut, and to Juergen Steinemann for his outstanding contribution to the further development of the company, thanks to his deep industry knowledge combined with a fine sense for people matters.

All other Board members, namely Patrick De Maeseneire, Fernando Aguirre, Suja Chandrasekaran, Angela Wei Dong, Nicolas Jacobs, Elio Leoni Sceti, Tim Minges and Markus Neuhaus were reelected for another term of office of one year.

The shareholders also approved the proposed payout of a dividend of CHF 26.00 per share, an increase of +8.3% versus prior year. The dividend will be paid to shareholders on or around January 8, 2020.

KPMG AG, Zurich, was reelected as auditors of the company for fiscal year 2019/20.

Barry Callebaut’s fiscal year 2018/19 closed on August 31, 2019.

Picture gallery of the Annual General Meeting 2019 of Barry Callebaut AG - more pictures can be found on our Flickr channel

(pictures by Boris Baldinger)

About Barry Callebaut Group

With annual sales of about CHF 7.3 billion (EUR 6.5 billion / USD 7.4 billion) in fiscal year 2018/19, the Zurich-based Barry Callebaut Group is the world’s leading manufacturer of high-quality chocolate and cocoa products – from sourcing and processing cocoa beans to producing the finest chocolates, including chocolate fillings, decorations and compounds. The Group runs more than 60 production facilities worldwide and employs a diverse and dedicated global workforce of more than 12,000 people. The Barry Callebaut Group serves the entire food industry, from industrial food manufacturers to artisanal and professional users of chocolate, such as chocolatiers, pastry chefs, bakers, hotels, restaurants or caterers. The two global brands catering to the specific needs of these Gourmet customers are Callebaut® and Cacao Barry®.

The Barry Callebaut Group is committed to make sustainable chocolate the norm by 2025 to help ensure future supplies of cocoa and improve farmer livelihoods. It supports the Cocoa Horizons Foundation in its goal to shape a sustainable cocoa and chocolate future.

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