The Board of Glanbia plc, the global nutritional solutions and cheese group (the ‘Group’, ‘Glanbia’), announced on Tuesday that John Moloney, Group Managing Director, has notified the Board that he wishes to retire from this role and from the Board by the end of 2013, having been due to retire in 2014.

Siobhán Talbot, Group Finance Director, has been appointed as John Moloney’s successor. She will become Group Managing Director Designate from June 1, 2013 to ensure a smooth transition of the leadership of the Group. Glanbia will announce the appointment of a new Group Finance Director in due course.

Siobhán was appointed Group Finance Director and to the Board of Glanbia in 2009. She brings a wide range of operational, financial and strategy experience to her new role. Siobhán joined the Group in 1992, became a member of the Group Operating Executive in 2000, was appointed Deputy Finance Director in 2005 and her role encompassed responsibility for Group strategic planning until the end of 2012. She is a fellow of the Institute of Chartered Accountants in Ireland.

Glanbia also announces the following appointments and organisational changes effective from June 1, 2013. Hugh McGuire is appointed to the Board as an Executive Director with responsibility for Global Performance Nutrition.

Brian Phelan, who was appointed to the Board on January 1, 2013 as an Executive Director will take up the role of Chief Executive Officer of Global Ingredients, a newly formed business segment incorporating the US Cheese business as well as Global Nutritionals’ Ingredient Technologies and Customised Premix Solutions.

The appointments of Hugh McGuire and Brian Phelan into new organisational roles reflects the fact that today Glanbia has two well established nutritional platforms that cover both business-to-consumer and business-to-business nutritional products and solutions. The first platform is high-quality sports nutrition with a leading global portfolio of brands and market positions. The second platform spans large-scale cheese manufacturing and value-added nutritional ingredient solutions.

In addition, Billy Murphy, Non-Executive Director, will retire from the Board on June 1, 2013 having served 24 years. He joined the Group in 1977 and was Deputy Managing Director from 2001 to 2005.