Food group Aryzta has appointed Kevin Toland as its new chief executive. Mr Toland is currently chief executive at airports operator, DAA. He was previously a senior executive at Glanbia in the United States.
Aryzta, which has been under pressure in the market, has been without a chief executive since the departure of Owen Killian earlier this year.
The Swiss-Irish company said this month that it was evaluating options for its 49 per cent stake in French food company Picard, seen by many as a problematic asset for the Cuisine de France owner. The group said at that stage that its focus was on “cash generation”.
Privilege
DAA chairman Pádraig Ó Ríordáin said it had been “a privilege to work with Kevin” over the past 4½ years.
The DAA board will now begin the process of identifying a new chief executive, Mr Ó Ríordáin said.
Mr Toland said: “I have greatly enjoyed working with staff and management. I have learned so much from my time with DAA and am so proud of the fantastic job that our staff do for our customers and passengers across the globe on a daily basis.”
Source: Irish Times
IFF has announced that its chief financial and business transformation officer, Glenn Richter, will retire on 31 December 2024, following a three-year tenure with the company. IFF has initiated the process of selecting a successor for the CFO position, considering both internal and external candidates.
Saputo has announced that its president and CEO, Lino Saputo, will transition to the role of executive chair of the board. The transition is set to take place on 9 August, when Carl Colizza, the company’s current president and COO for North America, will assume the position.
The coffee giant said the funding will be used to install new tech, such as roasting equipment, increasing production line flexibility to make new products and flavours – including higher value-added products, – and technology updates to improve sustainability.
