Aryzta CEO Michael Schai has resigned, with Urs Jordi stepping in as interim CEO. The decision was made for the company’s best interests. Aryzta reported a 16% decline in first-half net profit but saw a 3% revenue increase with organic growth. EBITDA slightly increased to €150.5m. Guidance for 2025 remains unchanged. Aryzta’s shares dropped 12% in Switzerland.

Read more at Yahoo Finance: Aryzta CEO Michael Schai steps down