Glaxo to pay first female CEO less than male predecessor
Paris
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.
Ms Walmsley will be paid an annual base salary of about £1 million (S$1.7 million), the London-based drugmaker said in its annual report. That compares to Mr Witty's pay of £1.15 million last year. Her targeted bonus won't exceed her salary, whereas Mr Witt…
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