Chocolate maker Lindt says CEO Lechner to leave, taps former boss for interim role

Swiss chocolate maker Lindt & Sprüngli announced on Monday that its Chief Executive Adalbert Lechner would be leaving the company, with former CEO Dieter Weisskopf appointed as interim CEO immediately. The decision comes after a series of weak performances, particularly in Europe, which prompted the Board of Directors to seek new operational leadership to restore consistent, strong growth and seize market opportunities worldwide.

Last month, Lindt had lowered its 2026 sales forecast for the second time in 2024, citing rising cocoa costs and decreased European consumption. The Swiss company aims to appoint a new permanent CEO in the second quarter of 2027, following Lechner's tenure since October 2022.

The board may face criticism for not intervening earlier, according to Vontobel analysts, especially considering Lechner's extensive experience in Germany and Austria, the markets at the heart of the current debate. They also suggest that a further board renewal could be welcomed next spring.

Lindt shares, which have lost a quarter of their value so far this year, were seen appreciating by 0.7% in premarket trading led by Julius Baer. The company did not immediately provide additional comment to Reuters.