Executive bonus freeze fails to ignite Aryzta share price

Aryzta chief executive Owen Killian has seen his near-€1m annual performance-related bonus ‘withheld’, pending improvement in the troubled food group’s yearly earnings.

The move, however, failed to inject any real excitement among the group’s investor base which has steadily been losing confidence in the stock for the past year.

The Irish-Swiss bread and baked goods group’s newly-published annual report notes that the CHF958,000 (€877,690) bonus for its chief executive “has been withheld pending resumption of growth in underlying fully diluted earnings per share”.