French national De Saint-Affrique will take over from incumbent CEO Juergen Steinemann from 1 October this year.
Steinemann announced he would step down as CEO in November last year as the company posted double digit growth in revenues and net profit in fiscal 2013/14. He had held the position since 2009.
De Saint-Affrique is currently a member of Unilever’s Group Executive Committee and serves as president of Unilever Foods, a €12.4bn ($14.1bn) business unit. He previously worked for ophthalmic optical products firm Essilor as an independent non-executive director.
The incoming CEO said in a statement: “I am honored to be given the opportunity to lead and further shape the world’s leading chocolate and cocoa company as its CEO. Barry Callebaut offers a unique environment since it combines three qualities which rarely come together: a global leader, which is publicly listed, but also a family company with longer-term purpose, vision and a strong entrepreneurial spirit.”
Steinemann will continue as CEO until September 30 and will contine at Barry Callebaut as vice chairman of the Board.
“Our Board is very happy that we will be able to further benefit from Juergen’s wealth of experience in his capacity as Vice Chairman,” said Andreas Jacobs, chairman of the Board.
Barry Callebaut this week announced it had reached a deal to acquire leading U.S. artisanal nut ingredients supplier American Almond for an undisclosed sum.