Chocoladefabriken Lindt & Sprüngli AG Announces Executive Changes
June 03, 2016 at 09:30 pm IST
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Chocoladefabriken Lindt & Sprüngli AG announced that Ernst Tanner, President & CEO, has decided to focus on the role as Executive Chairman by the end of 2016. At the same time the Board of Directors has appointed in its meeting Dr. Dieter Weisskopf, Group Chief Financial Officer, as new Group Chief Executive Officer. This decision underlines commitment to continuity of further growth of the Lindt & Sprüngli Group. The transition of responsibilities as well as the appropriate adjustments of the Group Management structure will be effective by the end of 2016. In his position as Executive Chairman, Ernst Tanner will concentrate on the long-term strategic direction of the Group.
Chocoladefabriken Lindt & Spruengli AG is a Switzerland-based and globally active holding company developing, producing and selling chocolate products. The Companyâs products are sold under the brand names Lindt, Ghirardelli, Caffarel, Hofbauer and Kufferle. The Company has six production sites in Europe and two in the United States. The Company sells its products mainly in countries within Europe and the North American Free Trade Agreement (NAFTA) countries. In September 2014, it announced the placement of 1 billion Swiss francs worth of bonds issues to finance Russell Stover Candies takeover. The Companyâs subsidiaries include Chocoladefabriken Lindt & Sprngli (Schweiz) AG, Chocoladefabriken Lindt & Sprngli GmbH, Lindt & Sprngli SAS, Lindt & Sprngli (UK) Ltd, Lindt & Sprngli (Poland) Sp. z o.o., L&S (Brazil) Holding Ltd and Lindt & Sprngli (Asia-Pacific) Ltd., among others.