Lindt Investors Seek Board Shake Up
Major investors in Swiss chocolatier Lindt are calling for a boardroom overhaul and curbs on the chairman following pricing missteps and the recent CEO ouster. The criticism highlights governance concerns as the company struggles with declining shares and weak sales.
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Major investors in CHOCOLADEFABRIKEN LINDT-REG are demanding a board shake-up, aiming to curb the powers of Chairman Ernst Tanner following pricing missteps that hammered the share price. The criticism from three top-20 shareholders adds intense pressure on the Switzerland-based chocolate maker as it searches for a new CEO. Shares have fallen 25% this year amid weak performance in Germany and two sales warnings.
