(Alliance News) - Glanbia PLC on Tuesday said it has promoted Independent Non-Executive Director Donard Gaynor to chair role, effective from Thursday.
The Irish nutrition company said Gaynor will replace Martin Keane who will remain on the board until his normal retirement at the 2021 annual general meeting.
Gaynor has been director of Glanbia since 2013. He has previously served in a variety of senior executive leadership roles with the Seagram Spirits & Wine Group in New York and was also audit client services partner with the New York office of professional services firm PricewaterhouseCoopers. In November 2016, he was appointed chair of Hazelwood Demesne Ltd "The Lough Gill Distillery" Co.
Glanbia noted that given Gaynord's tenure on its board, he will be chair until no later than the 2022 AGM at which point he will have served on the board for nine years.
"It has been an honour to serve as chair of Glanbia. I would like to thank Siobhan Talbot and my board colleagues for their support during my tenure as chair. Since joining the board, Donard has brought experience and energy to Glanbia and in his role as remuneration committee chair, he has led prior engagements with our shareholders. I know he will use those qualities and his experience to make an excellent chair. I would like to wish Donard well as he takes up his new role," Keane said.
Shares in Glanbia were trading 0.5% higher at EUR8.74 each on Tuesday morning in London.
By Ife Taiwo; ifetaiwo@alliancenews.com
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Glanbia (GLB)