Short takes United chair
Wednesday 22 February 1995
Mr Short is also a non executive director with United Biscuits, a job he has done since May 1992.
He takes up his new role at a time of increasing uncertainty for the group, which has been the subject of persistent takeover speculation. The company's performance has been unexciting over recent years.
Mr Short first joined the board of ICI in 1990 as finance director. In June 1994 he became responsible for the eastern hemisphere. He retires from ICI in April. His salary terms have yet to be agreed with United Biscuits, but he can anticipate one of the best pay deals for a non-executive chairman of a British company when he steps into Sir Robert's shoes.
Sir Robert's £160,000 salary compares to an average of £57,000 paid to non-executive chairman of Britain's largest companies for an average of 30 days a year work, according to a recent survey by Sedgwick Noble Lowndes.
Sir Robert is said by the company to work an average of two and a half days a week. He stepped down as an executive director in March 1994.
Sir Robert has no plans to retire as chairman of Thames Water, a job which currently pays him £143,666 a year.
United Biscuits yesterday moved to clarify claims that its directors stand to gain shares valued at up to £715,000 this year. Directors will not benefit under the company's long term incentive scheme this year as the company has not met its earnings growth targets.
- 4 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
- 5 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Isis publicly behead man in Syrian town square for 'insulting Allah' as he screams for help
One spelling error costs Companies House up to £9 million after being sued for ruining business
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...
Competitive salary & benefits!: MBDA UK Ltd: MBDA UK LTD Indirect Procurement...