Ticker: BARN.SW

Barry Callebaut's CEO Peter Feld departed after board opposition to his plan for splitting its cocoa business, revealing internal conflict at the globe's largest chocolate producer.

Barry Callebaut (SIX: BARN) under pressure to cut debt as CEO says list prices rose ~63% while volumes fell ~6.3%. Negative ratings outlook, costly cocoa inventory; management in talks with banks and trimming working capital to shore up leverage.