Barry Callebaut AG said Dec. 12 that James Donald stepped down as a director following his recent appointment as president and CEO of U.S. supermarket chain Albertsons Cos. LLC.
Donald had been a board member at the Swiss chocolate maker since 2008. He chaired Barry Callebaut's nomination and compensation committee since 2012.
Suja Chandrasekaran, Angela Wei Dong and Markus Neuhaus were appointed as new board members.
Patrick De Maeseneire was re-elected as chairman following the conclusion of the company's annual general meeting.
The chocolate and cocoa products maker approved a 20% increase in dividend payout to CHF24.00 per share, payable to shareholders Jan. 9, 2019.