Urs Jordi is again interim CEO of Aryzta following Michael Schai's departure from the role. Photograph: Nick Bradshaw for The Irish Times
Urs Jordi, the horse-loving chairman of Cuisine de France owner Aryzta, has seized the executive reins again.
Investor advisory firms held their noses as the Swiss man, installed as chairman in a late-2020 boardroom coup, clung to a dual chairman-chief executive role for over four years as he searched for the right CEO to continue a turnaround he’d started. It was a situation that defied governance norms.
Defending the drawn-out process in an interview with The Irish Times in 2023, Jordi said the board had a “clear idea” of the type of boss needed, stressing: “There is no room for experiments.”
The wait seemed worth it when he finally landed on Michael Schai, who previously worked under Jordi at the group an
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