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Glaxo to pay first woman CEO Emma Walmsley less

Glaxo to pay first woman CEO Emma Walmsley less

Tuesday, March 14, 2017, 11:10 PM

Emma Walmsley, poised to take over as the first female chief executive officer of GlaxoSmithKline Plc, will earn about a quarter less than her predecessor Andrew Witty to reflect her lack of experience at the helm.Walmsley will be paid an annual base salary of about £1 million ($1.2 million). That compares to Witty’s pay of £1.15 million last year.
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