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Cloetta CFO Danko Maras departs after Q2 2018

By Douglas Yu

- Last updated on GMT

Danko Maras has worked at Cloetta for almost eight years. Pic: Cloetta.
Danko Maras has worked at Cloetta for almost eight years. Pic: Cloetta.
Danko Maras, CFO of Cloetta, has decided to leave the company after the Q2 report in July 2018.

The Sweden-based confectioner said it has initiated a planning process to find Maras’ successor.

“Danko Maras has played an instrumental role in the transformation of the group and in building Cloetta’s strong financial position,”​ said the company’s CEO, Henri de Sauvage-Nolting.

“He also served as interim CEO in 2016-2017 and handled the hand-over to me when I became CEO a year ago in a very professional manner,”​ he added.

The company’s previous CEO David Nuutinen​ left for “private reasons”​ in 2016, according to this site.

Cloetta did not disclose which company Maras will be working for, but said he would take up another CFO position.

Maras’ departure follows two other management change announcements within the organization: Oskari Vidman will succeed Dani Evanoff as Cloetta’s chief pick and mix officer, starting April 1, 2018. Thomas Biesterfeldt will replace Erwin Segers as the chief marketing officer, according to the company.

Cloetta currently manufactures confectionery brands including the Jelly Bean Factory and Candyking. Its 2017 full year net sales​ posted SEK 5.78bn ($691m) in total, increasing from SEK 5.11bn ($611m) in 2016.

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