Time to get out your jar of Nutella and raise a spoonful. According to The Telegraph, Pietro Ferrero, the co-CEO of Ferrero group, the makers of Nutella, has died. The 47-year-old Ferrero died April 18th in South Africa, where he collapsed while cycling near Cape Town. He's survived by his wife, their three children and his brother Giovanni, who is joint-chief executive of the family-owned Ferrero group. The company was founded in 1942 by Ferrero's grandfather, also named Pietro Ferrero, in the town of Alba, in northern Italy. And no snide jokes about Nutella being bad for you, or the recently-documented toxicity of sugar either. A moment of silence and chocolate.