Aryzta : Leading Swiss Proxy Advisor Supports ARYZTA’s Proposed Chair
August 26, 2020 at 11:26 pm IST
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ARYZTA AG News Release 2020
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ARYZTA AG
News Release
Schlieren/Switzerland, 26 August 2020 - Leading Swiss Proxy Advisor Supports
ARYZTA's Proposed Chair
ARYZTA AG notes that Ethos, the leading Swiss corporate governance advisory group, has recommended FOR ARYZTA's proposed Chair, Andreas G. Schmid.
ARYZTA also notes that Ethos has recommended AGAINST the removal of Annette
Flynn as a member of the Board of Directors.
In line with Ethos' policy guidelines that there should be no executive representation on the Board of a Swiss-listed company, it has recommended FOR the removal of Kevin Toland from the Board of Directors. As previously set out in the earlier Letter to Shareholders of 18 August 2020, The Board rejects the proposal to remove Kevin Toland as a member of the Board. Any diminution of his leadership, role or authority, increases business risk, and is not considered to be in the best interests of ARYZTA. His leadership is integral to the business as it continues to manage through the COVID-19 crisis and provides effective executive representation at Board level.
Ethos has recommended FOR two of the Shareholder Group's nominees, Urs Jordi and Heiner Kamps to join the Board as directors and AGAINST their nominee Armin Bieri. As set in the Letter to Shareholders of 18 August, 2020, ARYZTA will support two of the Shareholder Group's candidates provided they observe either an established or a modified nominations process.
Investor Enquiries:
Gerard Van Buttingha Wichers, Head of Investor Relations, ARYZTA AG Tel: +41 (0) 44 583 42 00
ARYZTA AG ('ARYZTA') is a global food business with a leadership position in speciality bakery. ARYZTA is based in Schlieren, Switzerland, with operations in North America, South America, Europe, Asia, Australia and New Zealand. ARYZTA has a primary listing on the SIX Swiss Exchange and a secondary listing on the Euronext Dublin (ISE) (SIX: ARYN, ISE: YZA).
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Aryzta AG published this content on 26 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 August 2020 17:56:02 UTC
Aryzta AG is a Switzerland-based company engaged in food business. It is primarily focused on specialty baking. The Companyâs products include Artisan Breads, Sweet Baked Goods and Morning Goods, as well as an array of other Savoury Items, Such As Pizza, Tarts and Pies. It operates through four segments, including Food Europe, Food North America, Food Rest of World and Origin. Food Europe segment includes the specialty bakery market in Switzerland, Germany, the United Kingdom, Ireland, France, Spain, Sweden, Poland and Denmark. Food North America segment includes the specialty bakery market in the United States and Canada. Food Rest of World segment consists of businesses in Australia, Asia, New Zealand and South America. Origin segment is a agri-services group focused on integrated agronomy and agri-inputs in the United Kingdom, Ireland, Poland and Ukraine. The Companyâs customer channels consist of a mix of retail, convenience and independent retail, Quick Serve Restaurants.
ARYZTA AG 
