Kevin Toland to take up new role with Aryzta in September
Former DAA chief executive will look to turn around troubled Swiss-Irish baked goods maker
Incoming chief executive Kevin Toland: Aryzta seen its share price fall by as much as 30 per cent this year.
Mr Toland was appointed to the role in May after the Cuisine de France producer saw its long-standing chief executive Owen Killian and two other top executives depart in March. There had been speculation that appointment might have been delayed until November if his current employer, airport operator DAA, didn’t agree to waive part of his six-month notice period.
The group also announced the appointment of Juergen B. Steinemann to its board as an independent non-executive director. Most recently, Mr Steninemann was chief executive of Barry Callebaut and he also held positions with Nutreco and Unilver.
Gary McGann, chairman of Aryzta said: “I am delighted to announce the appointment of Juergen as non-executive director. With his appointment we have further diversified and deepened the skills, background and experience of our board. Juergen has substantial experience in the food B2B sector and will provide valuable insight to the board.”