Bakery firm Aryzta has announced that its CEO Kevin Toland stepped down from the role on 19 November.
The company has named board chair Urs Jordi as interim CEO until the recruitment of a permanent candidate.
Jordi added, “Our immediate task is to deliver change and improvement across the business to regain the confidence of all our stakeholders.
"We will do this with speed and determination, pursuing Aryzta's mission to serve inspiration through a broad range of differentiated high-quality bakery products."
Other Changes
Elsewhere, the company has named Jonathan Solesbury as its interim CFO.
Solesbury is an experienced finance professional, who most recently retired from C&C Group plc as group CFO.
Luisa Delgado, a member of the board, has been appointed as lead independent director, the company added.
Commenting on Toland’s departure, Delgado, said, “On behalf of the board, I would like to express our gratitude to Kevin for his strong leadership over the past three years, with important progress made through many challenges.”
© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.
