Aryzta board nominates Schmid for chairman position

​The board of Irish-Swiss food group Aryzta has nominated Andreas G Schmid for election as its new non-executive chairman at its upcoming Extraordinary General Meeting on September 16.
Mr Schmid will succeed Gary McGann who has agreed to step down from the chairman's position. 

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​Aryzta said that Mr Schmid has "an impressive track record" of delivering against turnaround situations, proven public company and chairmanship experience. 

"Current circumstances necessitate a proven business leader with extensive expertise of board leadership, within complex, multi-national, publicly-listed companies of scale. The board believes Andreas G Schmid's highly effective board leadership is in the best interests of Aryzta and all its stakeholders," the company added.

But the Aryzta board also said that it rejected the proposal to remove chief executive Kevin Toland as a member of the board. 

"Any diminution of his leadership, role or authority, increases business risk, and is not considered to be in the best interests of Aryzta. His leadership is integral to the business as it continues to manage through the Covid-19 crisis and provides effective executive representation at board level," the company said.

It also said it had rejected the proposal to remove Annette Flynn as a member of the Aryzta board.

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