Glanbia Group MD Siobhán Talbot to Step Down at Year-end

16th August 2023

Posted In: Newsflash

The Glanbia plc board has announced the news of Siobhán Talbot’s intention to retire from Glanbia plc, following ten successful years as Group Managing Director of the Company.

Siobhán will step down from her position and from the Glanbia Board on 31 December 2023 and will retire from the Group in January 2024. Hugh McGuire, currently CEO of Glanbia Performance Nutrition, will be appointed CEO of Glanbia plc and join the Glanbia Board as an Executive Director effective 1 January 2024.

Siobhán joined the Group in 1992 and held a number of senior positions, including Group Finance Director, prior to her appointment as Group Managing Director in 2013. Under Siobhán’s leadership, Glanbia has been transformed into a focused global better nutrition business, serving growing consumer nutrition trends and societal needs.  Today, Glanbia Performance Nutrition is the world’s leading sports nutrition business including the Optimum Nutrition brand. Glanbia Nutritionals has evolved its global capabilities and scale in nutritional solutions with strong global positions in particular in proteins and customised premix solutions for the food and beverage industry. Under Siobhán’s leadership, the company has strengthened its organisational resilience with a strong purpose and values driven culture, a strong financial position and sustained returns to shareholders.

Commenting on Glanbia’s latest half-year results, Siobhán said: “I am pleased to report that Glanbia’s performance in the first half of the year was ahead of our expectations as the Group successfully navigated some continuing volatility in global market conditions. This was driven by a strong operating performance, continued demand for our better nutrition brands and ingredients and the exceptional commitment of our people. We are upgrading our guidance for FY 2023, with adjusted Earnings Per Share now expected to grow by between 12% and 15% on a constant currency basis.”

On news of her intention to retire, Donard Gaynor, Chairman of Glanbia plc said: “On behalf of the Board I would like to express our deep gratitude to Siobhán for her leadership and contribution to Glanbia over the past ten years as Group Managing Director.

A deeply principled and values-driven leader, Siobhán has provided outstanding strategic direction to Glanbia, reshaping the business and its culture to become a clear leader in the world of better nutrition.

She led the creation of a focused business which is aligned to growing consumer trends with clear purpose and values, a strong balance sheet and continued ambition for growth which are all key parts of her distinguished legacy.”

Siobhán added: “It has been my great privilege to lead Glanbia over the past ten years. I am very proud of how the organisation has evolved, grown and strengthened over this period. It is well positioned for the next phase of growth with great people, culture and capabilities. I want to thank my leadership team and all my colleagues right across the Group for their hard work and commitment to Glanbia and their personal friendship. I would like to wish Hugh well as he takes the helm in 2024 and I look forward to working with him on the leadership transition over the coming months. I know how passionate and committed to Glanbia he is and I have no doubt he will drive the Group forward in pursuit of its strategic focus on better nutrition.”