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Glanbia Executives See Pay Packages Rise

Published on Apr 10 2015 3:36 PM in Uncategorised

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...

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, Global Ingredients 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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