Speaking on his appointment as Chairman John G Murphy said: “I am honoured to be appointed to serve as Chairman of Glanbia Co-operative Society. I look forward to continuing to work on behalf of Co-op Members and build on the strong foundations that have been established over many decades. On behalf of Glanbia Co-op, I would also like to thank the outgoing Chairman Martin Keane for his commitment and dedication to his role as Chairman for the last two years.”
Earlier this week, at the Co-op AGM, Martin Keane confirmed he was standing down as Chair of both the PLC and Co-op, effective from Thursday, October 8th. The decision was made in the spirit of the Relationship Agreement reached in 2017, with the governance of Glanbia evolving this year to establish separate Chair positions at Plc and Co-op.
Martin Keane will remain on both boards until his retirement at the respective 2021 AGMs.
Jer Doheny, Diarmuid Lally and Eamonn Power also retired as Directors from the Board of the Society at this week’s AGM. Robert Barron, Denis O’Sullivan and John Regan were appointed to the Co-op Board as a result of the vacancies arising.
Glanbia Plc, in line with its relationship agreement with Glanbia Co-operative Society Limited, is appointing Independent Non-Executive Director, Donard Gaynor, as Chairman.
Donard Gaynor has been a director of Glanbia plc since March 2013 and is Chairperson of the Remuneration Committee and a member of both the Audit Committee and Nomination and Governance Committee as well as Board Director with responsibility for workforce engagement. Donard retired in December 2012 as Senior Vice President of Strategy and Corporate Development of Beam, Inc., the premium spirits company previously listed on the New York Stock Exchange, based in Chicago, Illinois.
Commenting on this announcement: Mr Gaynor said: “It is a privilege to be appointed Chairman of Glanbia plc. I look forward to working with the Glanbia team and my Board colleagues on the successful delivery of strategy and value creation for our stakeholders. On behalf of the Board I want to thank Martin for his stewardship of the Group, in particular for his leadership through the current Covid-19 pandemic.”
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