Michael Schai will replace interim boss Urs Jordi at Swiss-Irish baked goods group
Swiss baker Urs Jordi will retain his role as chairman of Aryzta after he is replaced as chief executive by Michael Schai in January. Photograph Nick Bradshaw for The Irish Times
Michael Schai, a former managing director of Aryzta’s Asia-Pacific region based in Australia, will replace interim chief executive Urs Jordi, who will retain his role as group chairman, the group said in a statement on Monday. On Monday, Aryzta praised Mr Jordi for leading the group through “a period of significantly financial risk and business uncertainty”.“He leaves his interim CEO role having installed stable experienced management, returned the company to organic growth and significantly improved business performance,” said Alejandro Legardo, chairman of Aryzta’s governance committee.”
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