Last month, Owen Killian, CEO, Patrick McEniff, CFO/COO and John Yamin, CEO Americas, all members of Aryzta’s executive management team tendered their resignations and were to step down from their respective roles at the end of the current financial year.

However, following the announcement today (Monday) of the group’s half year results, where group profits fell 31% in the first six months of the year, each will now depart Aryzta at the end of the month.

The board has appointed David Wilkinson an interim CFO with immediate effect. He is head of the advisory practice with KPMG and will joins Aryzta on secondment to support the executive management team during the management transition process.

He and the other members of the executive management team will report to ex Smurfit CEO, Garry McGann who was appointed chairman last October.

Aryzta is to engage a leading international recruitment firm as it seeks a new CEO as well as a permanent CFO.

Shares rally as Aryzta chief Owen Killian to resign

Owen Killian to leave Aryzta at end of month

Senior management at Aryzta are to depart earlier than expected and will now all leave at the end of the month