French-based confectionery group, Carambar & Co, has named Maurizio Ficarra as its new Chief Executive Officer, having previously served as head of operations for the Ferrara, reports Neill Barston.

As the company, noted, its new postholder brings a total of 40 years of experience in the confectionery sector to the post, working across Europe, as well as North America.

The business, which had formed in 2016 from ex Mondelez confectionery firms, was reportedly acquired by Ferrara for a sum of €240 million last October, thanked Marc Auclair for his “exceptional leadership” over the past four years has established Carambar & Co, as the business was acquired by the Ferrara group.

Carambar & Co was formed some ten years ago, with its name stemming from the Carambar bar line, Vichy Pastilles, Krema fruit bonbons, with the company also including the renowned British confectionery brand, Terry’s, famed for its Chocolate Orange line – which has enjoyed revived fortunes in recent years.

As previously reported by Confectionery Production, the brand is now thriving under the effective ownership of the Chicago-based Ferrara group – which is itself linked to the Ferrero confectionery group.