Wednesday September 23, 2020

Investor group bids to delay the appointment of new Aryzta CFO

Swiss investment fund Veraison says a new chief financial officer should not be appointed until after the egm which is scheduled for next month

Ian Guider

Markets Editor

9th August, 2020
Gary McGann and Kevin Toland, chair and ceo of Aryzta Irish-Swiss food group, have been advised not to appoint a new cfo yet. Picture: Fergal Phillips

A replacement chief financial officer should not be appointed to Aryzta until after the election of new board members, the activist investor group stalking the Irish-Swiss food company has said.

Veraison, a Swiss investment fund, has written to Gary McCann, Aryzta’s chairman, following the unexpected departure of Frederic Pflanz, the company’s financial chief. Arytza said that Pflanz was leaving in December to take up a role elsewhere.

In a letter to...

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