June 2017: Glanbia

Company of the Month | Fri 7 Jul | Author – Business & Finance

With the recent announcement of agreement to merge Glanbia’s Irish agribusiness and dairy enterprises into a joint undertaking entitled Glanbia Ireland, the company continues to adapt to a changing market.

The Kilkenny-based nutrition group signed an agreement to sell 60% of the entity which comprises Glanbia Consumer Foods Ireland and Glanbia Agribusiness.

Earlier this year, the company said total group revenue increased by 7.7% in the three months to the beginning of April, compared with the same period in 2016.

Under the terms of the deal, Glanbia Ireland will be formed to encompass Glanbia Ingredients Ireland, Glanbia Consumer Foods Ireland and Glanbia Agribusiness.

It was also announced in June that Glanbia will pay its milk suppliers an increased its price after a rise in the dairy prices raised a campaign for a jump in milk returns.

Glanbia is a global nutrition company takes natural ingredients, including milk, whey and grains, and using its capabilities produces nutritional ingredients and branded consumer products for its customers and consumers throughout the world.

Currently employing over 6,000 people across 32 countries, Glanbia’s products are sold or distributed in over 130 countries. Its major production facilities are located in Ireland, the US, the UK, Germany and China.

About the CEO

Siobhán Talbot was appointed group managing director of Glanbia in November 2013, taking over from John Moloney after 12 years at the helm.

Previously, Talbot served as group finance director, where her role encompassed responsibility for group strategic planning, and has held a number of senior positions since she joined in 1992.

Prior to Glanbia, Talbot worked with PwC in Dublin and Sydney.

A graduate of UCD, Talbot is also a fellow of the Institute of Chartered Accountants in Ireland and has been a member of the Board of Glanbia since 2009.

Business & Finance, Company of the Month

Business Person the MonthBusiness & Finance, in association with KPMG, recognises excellence in business through the ‘Company of the Month’ award. The Company of the Month award recognises the company which best demonstrates outstanding business leadership, sustainable growth, innovative strategy, strong financial returns and employee development.