The maker of Tic Tacs, Kinder eggs and Nutella selected someone from outside the family to lead the privately-held company, but analysts seem torn on what it will mean. After all, it’s recently boosted sales and global market share under Ferrero, the grandson of the company’s founder. And Civiletti is hardly an outsider, having been a veteran of Ferrero and familiar with the business and the candy industry.###The Wall Street Journal said Ferrero currently ranks as the world’s No. 4 chocolate maker, according to Euromonitor. It is behind Mars, Mondelez and Nestlé, but ahead of Hershey and making significant gains on the othersferric pyrophosphate vitamin c b12 who are losing market share or not growing as fast.###Earlier this week, the comzinc gluconate capsulespany reported an 8% increase in sales from a year ago to $11 billion. The rise was fueled by growth in products such as Nutella and Rocher pralines, which sales of both especially strong in Europe. In 2013, Ferrero committed to increase annual sales by 2024 to around $17 billion..
It’s already invested heavily in new equipment and plant expansion to reach those goals.###The candy industry is widely believed to be ripe for consolidation. Mondelez last year tried to takeover Hershey, but the deal fell through due in part to complications regarding the candy maker’s voting power and the local ties to the trust ittrimagnesium citrate in foo
d funds. Ferrero is among the companie
s looking to grow by acquisition, and it recently acquired Fannie May Confections Brands in the U.S. Ferrero appears to be making the best move in its C-suite shuffle, keeping a family member closely involved with the business while naming a new leader who may lack the nbluebonnet calcium magnesiumame but appears citracal calcium citrate petites with vitamin dto know the business equally
well.

Nutella maker goes outside the family in picking new CEO
Search
Get In Touch
Please feel free to leave a message. We will reply you in 24 hours.
Product categ
- Custom Series9 products
- Granulation Series5 products
- Microencapsulated Series2 products
- Supermicro Series2 products
- Mineral Nutrients26 products
- Calcium Salt6 products
- Copper Salt1 product
- Iron Salt7 products
- Magnesium Salt3 products
- Manganese Salt1 product
- Potassium Salt3 products
- Sodium Salt2 products
- Zinc Salt3 products
- Premix4 products
- Mineral Premix2 products
- Vitamin Premix2 products