Eric Hagman is currently the non executive chairman of Argyle Consulting Ltd, a non executive director of The Scottish American Investment Trust plc and WA Baxter & Sons Ltd, and advisor to Buzzworks Holdings Ltd.

He is a former chairman of Matthew Algie and AON North Ltd and 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 for 12 years.

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.