Aryzta CEO Michael Schai steps down

Aryzta has announced Michael Schai has stepped down as CEO of the Switzerland-based bakery business. Schai was only appointed as chief executive on 1 January to succeed the then interim CEO Urs Jordi, who will again now step into the role on a temporary basis, according to a statement today (8 October). Publicly listed Aryzta said its board and Schai had together “concluded that a leadership change is in the best interests of the company and all stakeholders at this time”. Jordi becomes acting CEO with ...