On Monday, October 19, the board of directors of Lindt & Sprüngli removed group CEO Adalbert Lechner with immediate effect (SRF, NZZ, Reuters, RTS). Dieter Weisskopf, who according to Reuters led Lindt from 2016 to 2022 and according to RTS was most recently vice-chairman of the board of directors, takes over on an interim basis. According to Reuters, Lechner had been group CEO since October 2022. The NZZ notes that the announcement does not explain the reasons. Reuters points out that in September Lindt cut its 2026 sales forecast for the second time, and names high cocoa prices and weaker consumption in Europe as causes. A new permanent group CEO is to be appointed by the second quarter of 2027.
A change at the top after two forecast cuts shows that the board of directors no longer wants to carry out the strategy with Lechner. The group is suffering from high raw material costs and weaker demand in Europe.
For shareholders and employees in Kilchberg and at the plants, the change brings uncertainty until a new chief is chosen. Consumers will notice nothing at first; prices and range stay unchanged unless the group announces otherwise.
From the board of directors’ point of view, new leadership is needed to return to lasting growth. With Weisskopf it is betting on a manager who has already led the group for six years and knows the business.
Critical voices see deeper causes. Analysts at Vontobel said, according to Reuters, that the board of directors could have intervened earlier, and the NZZ calls in a commentary for a generational change, because everything hinges on the 80-year-old company patron Ernst Tanner.
Confirmed are the immediate separation from Lechner, the interim solution with Weisskopf and the goal of a permanent successor in the second quarter of 2027. The exact reasons are not explained. Watch the stock market reaction, the search for the new chief and the role of Ernst Tanner.
SRF (separation from Lechner, 10/19/2026) · NZZ (announcement and commentary, 10/19/2026) · Reuters (forecast cut and succession, 10/19/2026) · RTS (Weisskopf on an interim basis, 10/19/2026)
Economy · Consumer goods✓ 4 outlets · reasons not explained in the announcement
Lindt & Sprüngli parts ways with group CEO Adalbert Lechner with immediate effect, Dieter Weisskopf takes over on an interim basis
The board of directors wants to appoint a new permanent chief by the second quarter of 2027; the share has lost around a quarter of its value in twelve months.
The Swiss chocolate maker Lindt & Sprüngli is parting ways with group CEO Adalbert Lechner with immediate effect. SRF, NZZ, Reuters and RTS report this on Monday. According to SRF, the board of directors made the decision; former group CEO Dieter Weisskopf takes over on an interim basis. According to Reuters, Weisskopf led the group from 2016 to 2022, and according to RTS he was most recently vice-chairman of the board of directors. According to Reuters, Lechner had been at the helm since October 2022. The NZZ notes that the company’s announcement does not explain the reasons for the departure. According to Reuters, Lindt wants to appoint a new permanent group CEO by the second quarter of 2027.
As background, Reuters cites that in September Lindt cut its 2026 sales forecast for the second time this year, because of high cocoa prices and weaker demand in Europe. The share has lost around a quarter of its value over the past twelve months. Analysts at the bank Vontobel said, according to Reuters, that the board of directors could have intervened earlier. The NZZ devotes a commentary to the group and calls for a generational change: everything hinges on the 80-year-old company patron Ernst Tanner, who should prepare his succession. RTS reports that with the change Weisskopf returns to the top until a successor is found.
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Zurich Executive Councillor Natalie Rickli is forgoing a Federal Council candidacy (SRF, NZZ, Tages-Anzeiger, Le Temps, Watson). According to Le Temps, she announced the decision on Instagram on Monday, October 19, and wants to concentrate on the canton of Zurich. In the NZZ she calls the step a “decision of reason” and recommends a health director from another canton; the Tages-Anzeiger names Jean-Pierre Gallati of Aargau. According to Watson, the SVP Switzerland’s registration deadline ends on Friday, October 23, at 12 noon. Schwyz Executive Councillor André Rüegsegger is not running either (Watson). The NZZ lists Martullo-Blocher, Friedli, Rickli and Rüegsegger as withdrawals, the Tages-Anzeiger Benjamin Fischer and Thomas Matter as possible Zurich candidates.
Rickli was seen as the favorite of the Zurich SVP. Her withdrawal shifts the search for a successor to Parmelin and leaves open whether the party fields a candidate from Zurich or whether French-speaking Switzerland gets its turn with Céline Amaudruz.
Anyone following the Federal Council election should watch the reports until the deadline on Friday. Until then further candidacies or withdrawals are possible; the member will be elected later by the Federal Assembly.
Rickli justifies the step with her responsibility for Zurich and the stability of the government. The Zurich SVP nevertheless hopes for a seat, according to the Tages-Anzeiger, and sees further options in Fischer and Matter.
According to the NZZ, the pile-up of withdrawals raises the question of who is still left for Parmelin’s succession at all. According to the Tages-Anzeiger, Gallati is polarizing in his own ranks, and Matter had promised his wife in 2014 not to become a Federal Councillor.
Confirmed are Rickli’s withdrawal, Rüegsegger’s withdrawal and the deadline on October 23. Open are further candidacies and Gallati’s stance. Watch who comes forward by Friday and whether the Zurich SVP presents a candidate of its own.
SRF (Rickli withdraws, 10/19/2026) · NZZ (interview and withdrawals, 10/19/2026) · Tages-Anzeiger (Gallati and Zurich SVP, 10/19/2026) · Le Temps (Instagram announcement, 10/19/2026) · Watson (deadline and Rüegsegger, 10/19/2026)
Politics · Federal Council✓ 5 outlets · further candidacies open
Natalie Rickli rules out a Federal Council candidacy and recommends Aargau’s Jean-Pierre Gallati
Zurich Executive Councillor Natalie Rickli will not run to succeed Guy Parmelin on the Federal Council. SRF, NZZ, Tages-Anzeiger, Le Temps and Watson report this. According to Le Temps, Rickli announced her decision on Instagram on Monday; she wants to concentrate on her canton. In an interview with the NZZ she calls the step a “decision of reason” and sees her responsibility in Zurich. Instead, according to the NZZ, she recommends a health director from another canton; the Tages-Anzeiger names Jean-Pierre Gallati of Aargau, who is polarizing in his own ranks and does not comment on the recommendation. According to Watson, the SVP Switzerland’s registration deadline ends on Friday, October 23, at 12 noon. With Rickli another favorite drops out. The NZZ lists Martullo-Blocher, Friedli, Rickli and Rüegsegger as withdrawals; Watson reports that Schwyz Executive Councillor André Rüegsegger is not running. So far Céline Amaudruz has come forward as a candidate. The Tages-Anzeiger writes that the Zurich SVP continues to hope for a seat on the Federal Council despite the withdrawal; Benjamin Fischer and Thomas Matter are mentioned as possible candidates. Matter is said to have promised his wife in 2014 not to become a Federal Councillor.
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