Aryzta’s top brass face the music
Chairman Gary McGann and new chief executive Kevin Toland answered questions from analysts on past mistakes and future plans
Food group Aryzta last week reported a €900 million loss for the year to the end of July. In a conference call, chairman Gary McGann and new chief executive Kevin Toland faced questions from analysts on the issues facing the company, whose shares have lost a third of their value this year.
It has been hit hard by problems at its North American businesses. McGann told analysts that the results, and impairment charges of €860...
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