Zurich / CH. (vag) The group of shareholders represented by Veraison has increased its stake in Aryzta AG to over 20 percent. The shareholder group expects that the Board of Directors of Aryzta invites to the Extraordinary General Meeting without further delay. To ensure transparency for all interested parties, the shareholder group has published a detailed explanation of its motions for the EGM on the information platform simplify-aryzta.com.
According to the group of shareholders represented by Veraison, Aryzta’s Board has overseen significant and consistent value destruction over the last five years. The shareholder group therefore requested an Extraordinary General Meeting on May 20th to propose
- the removal of the four longest serving Board members,
- the election of Urs Jordi, former CEO of listed Hiestand Holding AG, as Chairman of the Board,
- the election of Heiner Kamps, founder of bakery chain Kamps, to the Board,
- the election of Armin Bieri, former CEO Aryzta Switzerland and Food Solutions Asia Pacific, to the Board,
- that Kevin Toland focuses on his role as CEO in line with modern corporate governance.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- LG Chem and ADM: Joint Ventures in Illinois are canceled
- Wendy’s: Company plans to expand into Europe
- Delivery Hero: may face significant fine due to antitrust violations
- Emmi Group: intends to acquire Mademoiselle Desserts
- AB Foods: announces strong H1-2024 performance
- DSM-Firmenich: Queen Maxima inaugurates new dual head office
- RBI: Announces Investments to Drive Growth in China
- Europastry S.A.: puts its IPO process on hold
- McCormick: Reports Second Quarter Performance
- Reborn Coffee: Closes Master License Agreement for UAE
- General Mills: Reports Fiscal 2024 Fourth-Quarter Results
- SunOpta expands plant for processing plant-based beverages
- Britannia: Operating profit grew 10 percent in FY-2023
- Tate + Lyle and CP Kelco to merge to leading global player
- Ülker Bisküvi: announces Q1-2024 financial results
- Europastry: intends to go public on the Spanish stock exchange
- Europastry S.A.: publishes 2023 Annual Report
- Swisslog: announces new Americas region headquarters
- Reborn Coffee: Expanding Omni-Channel Strategy
- Mondelez International and Lotus Bakeries Join Forces