Friday August 14, 2020

Can McGann seal one last deal on his way out?

The chairman of beleaguered food firm Aryzta has said he will quit in September, but hopes to agree a takeover of the company before he goes

Ian Guider

Markets Editor

26th July, 2020
Gary McGann, chairman of Aryzta, has bowed to pressure from investors to step down, but he isn’t going quietly. Photo: Fergal Phillips

Gary McGann’s career in Irish and international business has seen a number of milestones. In 2003, he led Jefferson Smurfit during its takeover by US private equity firms for €3.7 billion, in what was then the largest ever buyout of an Irish company. Last year saw the merger of Paddy Power Betfair, which he chairs, with TSG, creating the world’s biggest online bookie in what was again the biggest ever deal involving an Irish company....

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