"Walkers continued adding to its line of recipes, producing more than 80 products by the mid-1990s. By then, the next generation of Walkers had taken the leadership following the senior James Walker's death in 1987. The younger Walkers took up positions as co-managing directors, with each assigned specific responsibilities in the company. As such Joseph Walker directed the group's production, purchasing, and distribution operations, while Marjorie Walker handled the company's administration and finance. James Walker provided the company's public face, responsible for marketing and sales."
However, on 13 June 2006 Walker's grandson James Walker, announced that the bakery in Aberlour would be closing and turning into a research facility for the company.
The company has received the Queen's Award for Export Achievement three times, "the highest accolade given to British exporters." Walker Shortbread is also still owned and managed by the Walker family.