Executive pay rises by 8% at Glanbia

Executive pay levels at Glanbia grew by nearly 8% last year, according to the Kilkenny-based group’s newly published annual report.

The nutrition, dairy and ingredients-led group paid its four-member executive team, led by managing director, Siobhan Talbot, a combined €4.22 million last year; roughly 7.65% more than the €3.92m paid out in remuneration the previous year.

Ms Talbot saw her total pay package — including €750,000 in basic salary and additional pension contributions, incentives and other benefits — jump from €1.03m to over €1.62m; although much of this increase covered her elevation from finance director to group managing director.