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CEO of candy maker dies in South Africa

ROME | Pietro Ferrero, the CEO of the Ferrero Group holding company, which produces Nutella, Tic Tac mints and other confections, and a scion of one of Italy’s richest families, died on Monday after falling from a bicycle while on a business trip in South Africa. He was 47.

Pietro Ferrero was also chairman of Ferrero S.p.A., the Italian branch of the family-run company and the heart of the candy and sweets maker’s empire.

The company’s press office at headquarters in Alba, northwestern Italy, said Mr. Ferrero, a cycling enthusiast, was riding a bike on his usual training run on a road in Cape Town when he fell off. It said it wasn’t clear what prompted the fall.

With him on the business trip was his father, Michele Ferrero, who turned the company into an international sweets producer and invented successes including Nutella and Kinder in the 1960s and helped make the Ferreros a billionaire family that is now Italy’s richest.

From wire dispatches and staff reports