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Richard Curran: Aryzta's board faces a summer of discontent as activists aim to turn up the heat

Richard Curran


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Shareholders want to remove CEO Kevin Toland

Shareholders want to remove CEO Kevin Toland

Shareholders also want to remove chairman Gary McGann

Shareholders also want to remove chairman Gary McGann

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Shareholders want to remove CEO Kevin Toland

THESE truly are strange times in business when the quarterly figures in a multi-billion euro business mean so little for the future outcome of the venture.

The latest quarterly numbers from bakery goods-maker Aryzta kind of fell into that category. Activist shareholders representing more than 17pc of the stock have called for an EGM to remove nearly half of the board, including the chairman Gary McGann.


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