Walsh to retain £80,000 Diageo role

Paul Walsh, former chief executive of UK drinks group Diageo, is to take on a £80,000 per year role in the company’s Scotch whisky business.

Paul WalshThe exact role has not been specified but Diageo said it would reflect his “unique experience” and is expected to be related to the wider Scotch whisky industry.

He was formerly chairman of the Scotch Whisky Association and continues to be a council member.

Walsh, who steps down from the Diageo board next month, is expected to remain in the new post for up to five years.

The fee is also expected to rise in line with the salaries of other non-executive directors reported The Scotsman.

The company’s annual report also revealed that last year Walsh was paid £12.3 million pounds in long-term bonuses thanks to Diageo’s share price performance and it was in shares that the majority of that bonus was paid.

This was in addition to his salary of £1.28m and a bonus of £1.25m he earned this year.

Under his leadership, Diageo has seen its share prices triple and Walsh has been credited with turning the group into a global leader within the industry with acquisitions in emerging markets such as the Far East and Turkey, as well as the on-going entry into India with a major investment in United Spirits.

His total salary of nearly £15m makes him one of the UK’s highest paid chief executives. Angela Ahrendts, boss of fashion house Burberry, earned £16.9m last year.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Sales and Brand Manager

The Duchess Virgin Gin & Tonic
London,

Sales Scotland

Liberty Wines
Scotland, UK

Supply Chain Supervisor

Speciality Drinks
UK, UK

Sales Manager

Stilnovisti
London, UK

Regional Key Account Manager - On Trade

Lanson International UK
South of England, UK

Private Account Manager

Jeroboams Wine Merchants
London N1, UK

Sales Role

JF Tobias
London, UK

Events Assistant

Decanter
London, UK

Head of Marketing

Decanter
London, UK

Market Manager - Asia

Wines of South Africa
China,

Prosecco Springs

London,United Kingdom
26th Apr 2018

Spirits & More

Rome,Italy
19th May 2018

db Awards 2018

London,UK
23rd May 2018
Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

the drinks business is thrilled to announce the launch of The Global Sparkling Masters.

Click to view more