GSK boss’s annual pay package jumps 50% to £12.7m

Emma Walmsley's deal, with a high share bonus payout, makes her one of the highest-paid CEOs in the FTSE 100

The annual pay package of the boss of GlaxoSmithKline, Emma Walmsley, has jumped by 50% to 12.7m, mainly because of a higher share bonus payout reflecting the British drugmaker's improved performance.

Walmsley's huge pay rise makes her one of the highest-paid executives in the FTSE 100 index of Britain's leading shares, a week after it emerged her counterpart at Britain's biggest pharmaceutical firm AstraZeneca, Pascal Soriot, received a 16.9m pay package last year and is in line for an even higher package, 18.6m, this year.