Bakery group ARYZTA has proposed the appointment Gary McGann as its chairman, replacing Denis Lucey who is retiring. 

McGann serves as chairman of betting group Paddy Power Betfair and is also a director of Smurfit Kappa Group, Green REIT, and MPS. Prior to this, he served as CEO of Smurfit Kappa Group, as well as CEO of Aer Lingus, CEO of Gilbeys of Ireland and group financial controller of Ericsson Ireland. Aryzta said Gilbeys of Ireland and group financial controller of Ericsson Ireland. Aryzta said McGann has “extensive experience in leading, managing and governance of major global businesses”.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The company also announced the appointment of Prof. Rolf Watter as a non-executive director, replacing Shaun Higgins. Prof. Watter is a partner at the Zurich law firm Bar & Karrer specialising in M&A, capital market transactions and corporate governance.

Commenting on the proposed appointment, retiring chairman Lucey said: “The board is delighted to have secured the services of Mr. McGann and Prof. Watter. Gary and Rolf bring a wealth of experience, expertise and capability which will serve the board and the shareholders.” 

The appointments are subject to shareholder approval.

See Also:

Alain Oberhuber, an analyst for MainFirst that covers Aryzta, said: “We think that the market expects that the new highly regarded person in the Irish community can positively influence the strategy of Aryzta.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The bakery company is set to publish its annual results next Monday (26 September). Revenue for the first nine months of Aryzta’s financial year rose 2.8%. Stripping out foreign exchange and the impact of M&A, revenue inched up 0.5%.