Nutella maker goes outside the family in picking new CEO

The maker xymogen xcellent eof Tic Tacs, Kinder eggs and Nutella selected someone from outside the family to lead the privately-held company, but anawhat is organic zinclysts 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 others who are losing market share or not growing as fast.###Earlierzinc chelating resin this week, the company 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 it funds. Ferrero is among the companies looking to grow by acquisition, and it recently acquired Fannie May Confzinc supplement to prevent coldections Brands in the U.Szinc gluconate nahdi. 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 name but appears to know the business equally well.