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ARYZTA AG Appoints New Chief Executive Officer

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ARYZTA AG Appoints New Chief Executive Officer

ARYZTA AG Appoints New Chief Executive Officer
May 22
08:55 2017

ARYZTA, a global food business with a leadership position in speciality bakery,  has appointed Kevin Toland as Chief Executive Officer. He joins ARYZTA from daa plc which operates Dublin and Cork airports, ARI (a global retailer in travel retail) and daa International where he has served as Chief Executive since 2013. He previously held the position of Chief Executive and President of Glanbia USA & Global Nutritionals, a division of Glanbia plc, based in Chicago, Illinois. He was a member of the Glanbia plc Board of Directors from 2003 to 2013; and, was based in the US from 2004 to 2012.

Mr Toland will join ARYZTA following a customary six month notice period, or earlier, if mutually agreed by both parties.

During his tenure as CEO of daa plc, passenger numbers at Dublin airport increased from 19 million to 28 million per annum; and, it is now positioned as the fastest growing major airport in Europe. Mr Toland has an established track record of successfully managing multiple stakeholder groups.

At Glanbia plc, he led the growth of Glanbia USA & Global Nutritionals to become the largest manufacturer and exporter of American style cheese in the United States and the number one globally in sports nutrition. Under his leadership, the Global Nutritionals business grew from a standing start to over $1 billion of revenue; and, the revenue of the US Cheese business more than doubled to $1.8 billion and increased its US market share from 6% to 13%. The division he led employed more than 2,600 people in four global business units, with 14 manufacturing plants as well as sales and marketing operations across North America, Europe and Asia and achieved number one or two market position in each business.

Mr Toland also held a number of other senior roles at Glanbia plc including Group Development Director; Chief Executive of Consumer Foods; and, Director of Strategy and Marketing. Before joining Glanbia plc, he held a number of senior management positions with Coca Cola Bottlers in Russia; and, with Grand Metropolitan in Ireland and Central Europe.

ARYZTA is based in Zurich, 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 ISE Irish Exchange.

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