Glanbia said its current finance director Siobhan Talbot will become group managing director designate from June. It will announce the appointment of a new group finance director in »due course».
Ms Talbot joined the group in 1992 and was appointed group finance director in 2009. She is a fellow of the Institute of Chartered Accountants in Ireland.
Glanbia also announced other management changes today. Hugh McGuire has been appointed to the board as an executive director with responsibility for global performance nutrition.
And Brian Phelan will take up the role of chief executive of global ingredients, a newly formed business segment incorporating the US cheese business as well as global nutritionals’ ingredients technologies and customised pre-mix solutions.
See how Glanbia shares are doing in Dublin trade.
The company held its AGM in Kilkenny today and Glanbia chairman Liam Herlihy told shareholders that the prospects for 2013 are good.
»Trading is in line with expectations and this trend is set to continue with growth driven by the US cheese & global nutritionals segment and, in particular, performance nutrition. The 2013 outlook is reiterated with forecast adjusted earnings per share growth, on a constant currency basis, of between 8% and 10% for the full year,» Mr Herlihy said.
The chairman told shareholders that 2012 was a transformational year for the company. He acknowledged all the stakeholders who played a role in the successful outcome to the discussion on the future direction of Glanbia’s Irish dairy processing business.
»Society members, plc management and employees, industry leaders, farming organisations, investors and your board all contributed. This brave and strategic decision has already unlocked significant value for all stakeholders and places Glanbia in a strong position for further global expansion», he said.
Source: RTE News
