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.