December 12, 2018
All motions approved by shareholders
- Patrick De Maeseneire reelected as Chairman
- Board honored James (Jim) Donald who had decided to step down
- Suja Chandrasekaran, Angela Wei Dong and Markus Neuhaus elected as new Board members
- All other Board members reelected for a term of office of one year
- Dividend payout of CHF 24.00 per share approved
- KPMG AG, Zurich, reelected as auditors of the company
The ordinary Annual General Meeting 2018 of Barry Callebaut AG, the world’s leading manufacturer of high-quality chocolate and cocoa products, 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. 1,148 shareholders attended the meeting, representing 4,492,982 shares and equaling 81.86% of the issued share capital.
All motions were adopted as proposed by the Board of Directors, including the reelection of Patrick De Maeseneire as Chairman and the election of Suja Chandrasekaran, Angela Wei Dong and Markus Neuhaus as new Board members.
The Board of Directors also honored James (Jim) Donald, Board member since 2008 and Chairman of the Nomination & Compensation Committee since 2012, who had decided to step down from these functions following his recent appointment to President & CEO of Albertsons Companies, one of the largest supermarket chains in North America. The Board of Directors expressed its sincere gratitude to James (Jim) Donald for his unmatched expertise as a retail expert and for his valuable impulses to Barry Callebaut’s people agenda.
All other Board members, namely Patrick De Maeseneire, Fernando Aguirre, Jakob Baer, Nicolas Jacobs, Elio Leoni Sceti, Timothy Minges and Juergen Steinemann were reelected for another term of office of one year.
The shareholders also approved the proposed payout of CHF 24.00 per share, an increase of +20% versus prior year. The dividend will be paid to shareholders on January 9, 2019.
KPMG AG, Zurich, was re-elected as auditors of the company for fiscal year 2018/19.
Barry Callebaut’s fiscal year 2017/18 closed on August 31, 2018.
Patrick De Maeseneire, Chairman of the Board
Antoine de Saint-Affrique, CEO, Barry Callebaut
Remco Steenbergen, CFO, Barry Callebaut AG
Annual General Meeting 2018 Barry Callebaut AG
Angela Wei Dong, Suja Chandrasekaran, and Markus Neuhaus elected as new Board members of the Barry Callebaut AG