Glanbia plc managing director Siobhan Talbot has signed a new three-year deal to keep her at the helm of the nutritionals and dairy ingredients giant until the end of 2021.

Talbot, who has been in charge of Glanbia since 2013, signed the new deal which took effect from 1 January 2019.

Salary increase

As part of the deal, Talbot will see her base salary increase from €860,000 to €1.05m per annum – a more than 20% hike.

For 2018, Talbot’s total remuneration as managing director of Glanbia came to just over €2.3m, which included her base salary (€860,000), a €645,000 cash bonus, along with share bonuses and other benefits valued at €836,000.

Finance director

Glanbia’s group finance director Mark Garvey has also signed a new three-year deal to keep him at Glanbia until the end of 2021.

Garvey’s base salary will increase to €581,000, which the group said reflects his additional responsibility of heading up corporate development at Glanbia plc.