Aryzta AG appoints Michael Schai as new CEO
Michael Schai, with a robust global track record in the food industry, will succeed Urs Jordi as CEO of Aryzta AG, effective January 2025
Print15 July 2024
The Board of directors of Aryzta AG has announced the appointment of Michael Schai as chief executive officer of the Group effective January 1, 2025.
Schai has a strong global track record in the food industry across Australia, Asia-Pacific and Europe.
Urs Jordi will focus as of 2025 on his role as Board member and chairman of Aryzta Ag after his four year tenure as interim CEO.
“The Board’s thorough succession planning process has resulted in the appointment of an outstanding candidate in Michael Schai,” said Alejandro Legarda, chair of the Governance, Nomination and Sustainability Committee, Aryzta Ag.
Schai’s experience
According to Legarda, Schai has all the attributes that the Board sought during the lengthy recruitment process including strong leadership values, in depth knowledge of the food and bakery industry and commercial expertise in international markets.
“With these skills, the Board is confident that Mr Schai will continue to drive performance for Aryzta.”
Urs Jordi
The Board unanimously appointed Mr. Jordi as interim CEO of Aryzta in November, 2020.
In his role as interim CEO, Urs Jordi confidently steered the Aryzta Group through a period of significant 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.
“On behalf of the Board, I want to express my gratitude and appreciation for Mr. Jordi’s strong commitment, passion and dedication to the turnaround and success of the Aryzta Group and also to all the Aryzta employees who were committed to the success of the Company.”
Mr. Jordi will remain Chairman and member of the Board.
Read more: Aryzta reports €125.7m profit for 2023
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