Wedel lays off Polish CEO

The Polish legendary group Wedel, dealing in chocolate products and existing on the Polish confectionary market since 1851, has made redundant its last Polish board of directors member, the chief managing director Witold Ziobrowski, Puls Biznesu reported on Wednesday. Ziobrowski was the only Pole among Japanese members of the board since the company’s ownership transformation. He has been superseded by the current Wedel deputy CEO, Ippei Sakaguchi. The takeover by Japanese Lotte Group has contributed to better financial results and now the company is oriented for becoming, once again, the biggest chocolate business on the market. Wedel, a former Kraft Foods (currently Mondelez) subsidiary, was taken over by Lotto in 2010 and since then aims to conquer different chocolate markets, including the US market, by means of launching a marketing campaign in that country. Ippei Sakaguchi will be a temporary chief managing officer, the company announced.