Irish director at Aryzta quits amid tensions over dual chairman-CEO role

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Irish director at Aryzta quits amid tensions over dual chairman-CEO role
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Gordon Hardie resigns from the Swiss-Irish baking group with immediate effect

Swiss-Irish baking group Aryzta’s only Irish director, Gordon Hardie, has quit the board along with another non-executive amid tension over how long the company’s head should continue in his dual roles of chairman and interim chief executive.

However, both were part of a unanimous board view pitched late last year to proxy advisory companies to major investors that shareholders were “best served” by the dual mandate being extended until 31 December 2024″, according to documents posted on Aryzta’s website ahead of its annual general meeting last November.Spotify’s zero-royalty plan tells musicians their work is worthless

Mr Riboni’s sudden resignation came five days after Aryzta said that he had asked to be relieved of his duties as lead independent director and would not be standing for re-election at the company’s next agm in the spring. Mr Hardi, who holds both Irish and Australian citizenship and Mr Riboni, a Swiss national, joined as non-executives in December 2020 to complete a boardroom overhaul.

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