Siobhán Talbot
About Siobhán Talbot
Siobhán Talbot, age 61, has served as an independent non-management Director of CRH since December 2018. She is a trained accountant and former CEO/Group Managing Director of Glanbia, leading a decade-long transformation until her retirement in December 2023; prior roles included Group Finance Director and earlier finance positions at Glanbia and PwC in Ireland and Australia. She serves on CRH’s Acquisitions, Divestments & Finance, Audit (designated Audit Committee Financial Expert), and Nomination & Corporate Governance Committees and is independent under NYSE standards. Education: Fellow of Chartered Accountants Ireland; B.Comm and Diploma in Professional Accounting (UCD); Honorary Doctorate (UCC) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Glanbia plc | Group Managing Director (CEO) | 2013–Dec 2023 (10 years) | Led significant transformation into a leading global nutrition organization operating across 32 countries . |
| Glanbia plc | Group Finance Director; Deputy Group Finance Director; Group Secretary | Not disclosed | Strategic planning responsibility; senior finance leadership . |
| PwC (Ireland & Australia) | Accountant | Not disclosed | Professional accounting experience in multiple jurisdictions . |
External Roles
| Organization | Role | Status | Notes |
|---|---|---|---|
| Glanbia plc [LSE][ISEQ] | Director | Former (within last 5 years) | Prior public company board service; no current public boards disclosed . |
Board Governance
- Independence: Determined independent under NYSE standards; all committee members (Audit, Compensation, Nomination & Corporate Governance) are independent under applicable rules .
- Committee Memberships: Acquisitions, Divestments & Finance; Audit (Audit Committee Financial Expert); Nomination & Corporate Governance .
- Committee Activity (2024):
- Audit Committee met 9 times; oversight of financial reporting, internal controls, auditor independence and climate-related disclosures .
- Nomination & Corporate Governance Committee met 4 times; independence reviews, succession planning, governance guidelines, related-party oversight .
- Acquisitions, Divestments & Finance Committee met 4 times; M&A, financing, capital allocation recommendations .
- Attendance & Engagement: Each Director attended at least 75% of Board/Committee meetings; 13 Board meetings held in 2024; overall Director attendance over 95%; all Directors attended the April 25, 2024 AGM .
Fixed Compensation
| Item | 2024 Amount (USD ‘000) | Notes |
|---|---|---|
| Fees earned or paid in cash | 160 | Non-management Director fees paid in euro, converted at 2024 average Bloomberg rate . |
| All Other Compensation | 16 | Reimbursement of taxes on hotel accommodation for Ireland meetings (Irish law compliance) . |
| Total | 176 | Cash-only structure in 2024 per shareholder-approved policy . |
| Non-management Director Fee Structure (from 2025) | USD ‘000 | Structure Details |
|---|---|---|
| Board Retainer – Cash | 140 | Base cash retainer for non-management Directors . |
| Board Retainer – Equity | 180 | Portion of fees delivered in ordinary shares . |
| Senior Independent Director Premium | 40 | Additional cash for role (not applicable to Talbot) . |
| Committee Chair Premiums (examples) | 18–28 | AD&F Chair 18; Audit Chair 28; Compensation Chair 25; Nomination & CG Chair 20; SESR Chair 20 . |
| Share Ownership Guidelines | — | 5× Cash Retainer within 5 years; 75% net share retention until met . |
| Limits on Director Compensation | 950 | Annual maximum value for awards plus cash fees per Director under Equity Incentive Plan . |
Performance Compensation
| Element | Status | Notes |
|---|---|---|
| Annual Short-Term Incentive Program (STIP) | Not applicable | Non-management Directors are not entitled to participate in the Company’s annual short-term incentive program or other benefit plans . |
| Performance Share Units (PSUs) / Options | Not applicable | Director compensation from 2025 includes an equity retainer (ordinary shares); no performance-linked metrics disclosed for Directors . |
| Share Ownership Guidelines | 5× Cash Retainer | Must meet within 5 years; 75% net share retention until compliance; applies to non-management Directors from Jan 1, 2025 . |
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Compensation Committee Interlocks | Proxy states no compensation committee interlocks or relationships requiring disclosure in 2024; committee members all independent non-management Directors (Talbot is not a member) . |
| Related Party Transactions Oversight | Nomination & Corporate Governance Committee reviews and approves related-party transactions; Chair may pre-approve/ratify certain items, with reporting to the Committee . |
Expertise & Qualifications
- Business leader; former CEO/Group Managing Director of Glanbia with global transformation credentials .
- Financial expert; trained accountant; prior Group Finance Director; designated Audit Committee Financial Expert at CRH .
- Skills: Governance, M&A, Capital Allocation, Talent Management, Safety & Sustainability, Strategy .
- Education: Fellow of Chartered Accountants Ireland; B.Comm and Diploma in Professional Accounting (UCD); Honorary Doctorate (UCC) .
Equity Ownership
| Holder | Shares Beneficially Held | Percent of Class | Notes |
|---|---|---|---|
| Siobhán Talbot | 5,550 | Less than 1% | As of March 12, 2025; address c/o CRH plc, Dublin . |
| Anti-Hedging/Pledging Policy | — | — | Directors and executive officers prohibited from hedging, short sales, and pledging CRH shares; no margin accounts allowed . |
| Ownership Guidelines Applicability | — | — | Non-management Directors must reach 5× Cash Retainer within 5 years; 75% net share retention until met . |
Governance Assessment
- Board effectiveness: Strong financial expertise and multi-committee engagement; designated Audit Committee Financial Expert; active in governance and strategic oversight committees .
- Independence & attendance: Independent under NYSE standards; attendance thresholds met with robust overall Board/Committee attendance; AGM attendance confirmed .
- Compensation alignment: Shift from cash-only fees in 2024 to mixed cash-equity structure in 2025 enhances alignment via ownership; director compensation capped under Equity Incentive Plan; clear ownership guidelines .
- Conflicts & related-party exposure: No related-party transactions disclosed involving Talbot; strong policy framework and committee oversight for related-party transactions .
- Risk indicators: Anti-hedging/pledging policy reduces misalignment risk; no evidence of pledging or hedging; committee independence and absence of compensation committee interlocks support governance quality .
- RED FLAGS: None identified specific to Talbot in proxy disclosures (no RPTs, no attendance issues, no pay anomalies) .