Companies

Arytza commits to separate chief exec and chair roles by end of year as revenue rises

Shares in the Swiss-Irish baked goods group were up 2.6 per cent on Monday

Aryzta, the Swiss-Irish baked good group, has said it will separate a controversial dual role of chief executive and chair. Picture: Post Reporter

Aryzta, the Swiss-Irish baked good group, has said it will separate a controversial dual role of chief executive and chair, in its stronger than expected annual results.

Writing in the annual report, Urs Jordi, who serves as interim chief executive and chair said he was “committed to separating the two roles” by the end of 2024 by when he said business would be “sufficiently de-risked and the turnaround advanced”.

Jordi was appointed chairman in September ...