US advisory firm backs dissident shareholders in Aryzta shake-up

Glass Lewis supports case for simplified operational approach and divestment of certain operations

30th August, 2020
US advisory firm backs dissident shareholders in Aryzta shake-up
Andreas Schmid: incoming chairman of Arytza

An influential US advisory firm has joined the battle for control of the board of food company Aryzta by backing a group of shareholders seeking to oust a number of its directors.

Glass Lewis said this weekend that it supports the plans by shareholders Veraison and Cobas to shake up the Irish-Swiss company’s boardroom at an investor meeting next month, citing the poor financial performance under the current directors. The move by Glass Lewis is...

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