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
Carlsberg has announced the departure of its chief financial officer (CFO), Heine Dalsgaard, after six years in the position. In a statement, Carlsberg said that Dalsgaard was resigning from the post to take up the role of CFO at a private equity-backed company in a different industry.
Kellogg will split into three independent companies to focus on the snack business, Reuters reported Tuesday. The snacking portfolio will comprise the main business, while the North America cereal unit and the plant-based business will be spun off. The company is also considering a sale of the plant-based business.
The snacks giant says the acquisition will help build on its commitment to “lead the future of snacking” in key geographies worldwide. Once the transaction is completed, Mondelēz will continue to operate the Clif Bar business from its headquarters in Emeryville, California. The snack giant will also continue to manufacture Clif Bars’ products, which include Clif Bar, Luna and Clif Kid, at its facilities in Idaho and Indiana.
