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Glanbia plc has announced that Siobhán Talbot intends to retire following ten years as the company’s group managing director. Talbot will step down from her position on 31 December 2023 and will retire from the group the following month. Hugh McGuire, CEO of Glanbia Performance Nutrition (GPN), has been named as chief executive, effective 1 January 2024. In his role, McGuire will join the Glanbia board as an executive director. Since joining the group in 2003, McGuire has held a range of senior positions across the group, including 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. He was appointed to CEO of GPN in 2008 – during his tenure GPN grew from annual revenues of $185 million to $1.7 billion in 2022, positioning it as “the world’s number one sports nutrition business”. Prior to joining Glanbia, Hugh worked for McKinsey as a consultant across a range of industry sectors, before which he worked in marketing and commercial roles with Nestlé. Of his appointment, McGuire said: “I am honoured and delighted to have been appointed as the next CEO of Glanbia...My focus will be to build upon these strong foundations for the benefit of all stakeholders in the years to come...I look forward to working with my colleagues globally to capture the growth opportunities ahead, to sustainably create shareholder value and achieve our full potential as a better nutrition business.” Talbot, who joined the group in 1992, held several senior positions – including group finance director –prior to her appointment as group MD in 2013. Talbot commented: “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...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". Donard Gaynor, chairman of Glanbia plc, said: “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.” Gaynor said that McGuire’s appointment was the conclusion of an extensive selection process. He continued: “Hugh has led the growth and evolution of GPN with unrelenting focus to become a global leader and a key earnings generator. He combines a passion for our business and our served markets with entrepreneurial flair and a growth mindset.”