Stories
When the Swiss-Irish baking giant was formed 13 years ago, Urs Jordi missed out on the top job. By delivering on his promise to get out of the US, he seeks to get a clean slate – and turn back the clock.
Just before Christmas, having ousted his predecessor Gary McGann in a September boardroom coup engineered by disgruntled activist investors, Aryzta’s new chairman and chief executive Urs Jordi put the following choice to the shareholders of the Swiss-Irish beleaguered frozen baker. Vote for me and I’ll sell off Aryzta’s struggling American business to refocus Aryzta on Europe where it belongs. Or stick with the old guard who had lined up an offer from New York private equity firm Elliott for the entire company for around €730 million. The December AGM voted for Jordi – at 92 per cent. This Friday, he…
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