Diageo CFO earns £1.5m as profits soar
Drinks giant CFO's pay packet breaks the £1.5m threshold after a bumper year for FTSE 100 corporate
Nick Rose has scooped £1.5m for his financial stewardship of Diageo.
In its annual report, the drinks giant disclosed that Rose’s base salary and
bonus contributed to a pay packet of £1.5m.
Rose has been in the financial driving seat of the booming corporate, which
owns well-known brands such as Guinness, Bailey’s and Smirnoff since 1 July
1999. This year Diageo made net sales of almost £7.5bn.
On paper, his windfall was beefed up further by long-term incentive plan
gains of almost £1.3m. The FTSE 100 giant’s accounts showed that £795,000 of
share options granted to Rose in 2004 vested this year, in addition to him
exercising options on £481,000 of shares.