Liam Herlihy is to step down as chairman of Ireland-based food group Glanbia in May.

Herlihy has been a director at Glanbia since 1997, becoming vice chairman in 2001 and chairman in 2008.

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John Callaghan, Glanbia’s senior independent director, said: “The chairman’s depth of experience and knowledge of the group provided strong and focused leadership during a hugely important period of transformation.”

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