Glanbia plc announced that Siobhán Talbot has notified it of her intention to retire from Glanbia plc (Glanbia, the Company or Group) 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 Chief Executive Officer (CEO) of Glanbia Performance Nutrition (GPN), will be appointed CEO of Glanbia plc and join the Glanbia Board as an Executive Director effective 1 January 2024.

Siobhán Talbot 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. The Group's business model has been reshaped towards growing and higher margin consumer branded and ingredient nutrition markets worldwide., 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, Glanbia has strengthened its organisational resilience with a strong purpose and values driven culture, a strong financial position and sustained returns to shareholders. Hugh McGuire joined Glanbia in 2003 and held a range of senior leadership roles across the Group, residing in the US for nine years, during his career with the Company.

He initially worked in the ingredients division culminating in his role as CEO of Glanbia Customised Solutions where he led the development of the global vitamin and mineral premix business through a number of organic development and M&A projects in the US, Europe and Asia. In 2008 he was appointed CEO of Glanbia's Performance Nutrition business (GPN). During his tenure, GPN has grown organically and through M&A from annual revenues of $185 million to $1.7 billion in 2022 and has become the world's number one sports nutrition business.

In this period the Optimum Nutrition brand has grown revenues by 16% annually to become Glanbia's first $1 billion brand earlier this year. Hugh has been a member of the Group's Operating Executive since 2013 and served on the Board from 1 June 2013 until April 2019. Prior to joining Glanbia, Hugh worked for McKinsey & Company as a consultant across a range of industry sectors and prior to this in marketing and commercial roles with Nestle and Leaf.

He holds an M.Sc. in Food Science from University College Dublin and has a Diploma in Accounting and Finance from the Association of Chartered Certified Accountants Ireland.