Business

Monday 24 July 2017

Aryzta appoints DAA's Kevin Toland as new CEO

Kevin Toland
Kevin Toland
Donal O'Donovan

Donal O'Donovan

Frozen foods group Aryzta has appointed the DAA’s Kevin Toland as CEO to replace Owen Killian.

In a statement, Aryzta said the incoming CEO will join the business following a customary six month notice period, or earlier, if

mutually agreed by both parties.

Aryzta chairman Gary McGann has been in the hunt for a new CEO following the departure this year of the company’s long time head Owen Killian in the wake of a sharp share price slide and disappointing results.

Mr Toland (51) joins the Swiss/Irish bakery group from the semi-state sector here, where executive pay has been capped at €250,000 since the crash.

At Aryzta, Owen Killeen was among the highest paid Irish executives.

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