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Glanbia Executives See Pay Packages Rise

Published on Apr 10 2015 4:35 PM in Fresh Produce

Glanbia Executives See Pay Packages Rise

Glanbia’s top executives took home a greater pay package in 2014 than in 2013, according the dairy giant’s latest financial report.

The Irish Times calculates that the top four executives received a combined pay packet of €4.22 million last year; 7.65% higher than 2013’s remuneration of 3.92 million.

Group managing director Siobhan Talbot took home a pay package of €1.6 million last year, a significantly higher figure than that of her recent predecessor John Moloney in 2013.

Talbot’s 2014 remuneration package included a base salary of €750,000, alongside bonuses of €563,000 and a pension contribution of €199,000.

Meanwhile, Hugh McGuire, after being promoted head of Glanbia’s Performance Nutrition division, saw his pay rise to €926,000 in 2014 from €584,000 in 2013. Finance director Mark Garvey’s combined basic salary and bonus amounted to €833,000.

However, chief executive Brian Phelan saw a decrease in his pay from €876,000 in 2013 to €840,000.

© 2015 - Checkout Magazine by Jenny Whelan.

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