Glanbia as agreed a new three year, renewable, deal with managing director Siobhán Talbot.
As a result of the deal, she will see her base salary increase to €1.06 million a year, 22% more than €860,000 she got last year.
The announcement was made in Glanbia's latest Annual Report for 2018.
New Growth Strategy
According to Glanbia Chairman, Martin Keane, the group made the move as it seeks to push forward a new growth strategy for 2022.
The group is targeting revenue of €6 billion in 2022, with an average five year adjusted EPS growth of 5% to 10% on a constant currency basis.
The group said it expects to push for this figure through a mix of organic and merger and activity enabled growth.
“We made strong progress in 2018 and have set out our 2022 growth ambition. We are excited about our future journey and confident in achieving this compelling strategy,” Talbot said in the report.
“While there will be challenges to navigate, the Group continues to remain well-positioned to benefit from the global growth opportunities continuously emerging from mindful, health conscious and tech-savvy consumers who want to lead healthier and more active lives.”
© 2019 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Checkout print edition.