Announcement by ARYZTA AG regarding Board Renewal

As part of ongoing Board refreshment and renewal, ARYZTA announces the proposed addition of Luisa Delgado to its Board as an Independent Non-Executive Director. The appointment is subject to approval by ARYZTA shareholders at its AGM on 14 November 2019.

Luisa is an accomplished leader and board director with almost 30 years of international experience across multiple industries including luxury optical, IT and particularly FMCG.

Luisa brings significant B2B commercial experience, especially in Continental Europe, having worked in a variety of roles with P&G over a 20 year career. Initially holding HR leadership roles she latterly spent 5 years as VP for the Nordics region. In 2012 Luisa joined SAP AG as an Executive Board member and CHRO before taking the CEO position with Safilo Group in 2013, a role she held until her retirement in 2018. Currently, she is an investor and entrepreneur in the luxury sector.

A Swiss national, Luisa studied law at the University of Geneva and Kings College, London. Luisa holds board positions with AO World plc and the privately held INGKA Holding BV (IKEA).

Gary McGann, Chairman of ARYZTA commented:

I am delighted to announce the appointment of Luisa Delgado as a Non-Executive Director of ARYZTA AG. Luisa has had a very impressive career to date at both Executive and Non-Executive level. With her appointment we have continued to diversify the composition and deepen the skills, background and experience of our Board. Luisa has substantial business experience, and will prove to be a very valuable addition to our group.