Glanbia Co-op CEO, Jim Bergin, and Chairman, John Murphy review Glanbia Co-op’s Annual Report ahead of the AGM held at the Newpark Hotel in Kilkenny on May 25th

Glanbia Co-op’s Annual General Meeting (AGM) took place last week and was attended by members in-person for the first time in three years

A significant event on the calendar, this year’s AGM looked back at some of the highlights of 2021 in what was a pivotal year in the evolution of our business.

It was the first time members gathered since their votes at the Special General Meeting (SGM) in December last year approved the outright purchase of Glanbia Ireland. The tone of the AGM was very positive and reflective of a strong year and the successful transition to 100% ownership of Glanbia Ireland.

Topics raised for discussion at the well-attended event included twice monthly payments, Diversity and Inclusion and farmer advocacy, while the most significant item raised on the day was Fixed Milk Price Schemes.

Similar to the topics covered at Glanbia Ireland’s recent ELT roadshow, attendees at the AGM were also presented with items including Glanbia Co-op’s financial strength, the new Investment Fund, the progress of our Kilkenny Cheese project and our Co-op governance structure.

Members voted in favour of all proposals at the SGM held alongside the AGM, including increasing board membership by one to 20 members to further strengthen and ensure there is a diversity of skillsets on the board; a change to the rules to permit virtual meetings and a share interest (dividend) payment for members totalling €6.5 million or 17.3 cent per share.

The AGM heard of the board’s clear ambition to build a Co-op for the future of which all our people can be proud; a Co-op that is maximising returns for members, delivering strong career opportunities for all employees and is renowned for the sustainable production of high-quality food.

The Glanbia Co-op Annual Report for 2021 which was distributed to members can be viewed here.