Diageo CFO earns £1.5m as profits soar

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.

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