Paul Walsh, the Chief Executive Officer at Diageo, the FTSE 100 beverage giant, has sold off a bumper-load of shares in the firm.
Walsh, who disposed of 90,000 shares at 1,500.00p each for a total of £1.35m, made the transaction on February 13th, just a few days after the company reported an 8% rise in net sales for the half year ended December 31st.
Walsh, who has been CEO since September 2000, was granted the shares in October 2008 at £8.77 each in 2008 under the company's Senior Executive Share Option Plan.
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The firm, famous for its Johnnie Walker whisky, Smirnoff vodka and Guinness stout, reported net sales of £5,757m, up from £5,320m in the previous first half. This was 7% higher on an organic basis. Pre-tax profit increased by 15% from £1,612m to £1,860m.
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