After serving as Chief Financial Officer of the Barry Callebaut Group since February 2007, Victor Balli (born 1957) has decided to retire from his executive function effective February 28, 2018. The Board of Directors has appointed Remco J. Steenbergen (born 1968, Dutch national) as new CFO and member of the Executive Committee effective March 1, 2018. Balli will ensure a smooth handover to Steenbergen who will join the company on January 1, 2018. Steenbergen joins Barry Callebaut from Royal Philips, a focused leader in health technology with annual sales of € 17 bn (2016), where he has served as Executive Vice President and CFO HealthTech Businesses, Innovation & Group Functions since 2015. Trained as a Registered Accountant and also holding an MBA, Steenbergen brings to Barry Callebaut extensive experience in driving value creation, business transformation, leading and shaping Finance teams, improving business processes and systems, performing acquisitions, strategic planning, performance management and reporting.

The Board of Directors and the Executive Committee express their gratitude to Victor Balli for his valuable contribution over a period of eleven highly successful years during which Barry Callebaut has become the global leader in cocoa and chocolate.