Aryzta seeks to right North American ops, strategy with new hires

From Reuters - January 11, 2018

ZURICH, Jan 12 (Reuters) - Swiss-Irish bakery company Aryzta on Friday named new North America and strategy chiefs as it tackles problems in the United States, where issues with undocumented workers and a failed retail strategy prompted a $1 billion loss.

Dave Johnson, a U.S. citizen previously at Swiss chocolate maker Barry Callebaut and Kraft, will become Aryztas CEO North America on Jan. 23, while Irishman John Heffernan becomes chief strategy officer on Feb. 28.

In September, Aryzta reported a full-year loss of 907.8 million euros ($1.09 billion) after its bid to sell its Otis Spunkmeyer cookie products directly to retail customers backfired.


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