The boardroom squabbling between Aryzta and its largest shareholders continues, with both sides at loggerheads over who should be appointed as the next chair of the bakery giant. Last week, Aryzta announced it would nominate Andreas Schmid, former CEO of chocolate giant Barry Callebaut, for the position of chair.

Aryzta described Schmid as one of Switzerland’s most distinguished business leaders, with many years of operational and strategic management experience at the head of leading international food, retail and service companies.