Eric Hagman is currently the non-executive Chairman of Matthew Algie Ltd and Espresso Warehouse Ltd, a member of the UK Advisory Board of AON Limited, a non executive director of The Scottish American Investment Trust plc and WA Baxter & Sons Ltd.

He is a former director of British Polythene Industries plc, Celtic plc, Scottish Rugby Union plc, Scottish Enterprise, the Council of CBI Scotland and Scottish Financial Enterprise. He is also a former member of the UK Regional Advisory Board of UBS Wealth Management and was Treasurer of the Royal College of Art in London.

Hagman is also working in a non-executive capacity with a number of private companies.

He received the CBE for contribution to economic development in Scotland in 2004.