Thursday 24 August 2017

Aryzta Europe boss Hilliard Lombard to leave the group

Aryzta chief executive Owen Killian
Aryzta chief executive Owen Killian
Gavin McLoughlin

Gavin McLoughlin

Aryzta's head of Europe and Asia Pacific, Hilliard Lombard, is to leave the frozen bakery giant at the end of January.

Mr Lombard has "decided to pursue other interests", according to a statement issued by the company this morning.

Aryzta chief executive Owen Killian said Mr Lombard had been "been instrumental in making Aryzta a stronger, better and more relevant business".

The company's share price has fallen almost 40pc over the last 12 months, with management facing criticism over a decision to take a 49pc stake in food retailer Picard.

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