4 March 2025
Smiths News
PLC
("Smiths
News" or the "Company" or the "Group")
Directorate Change - Chief
Financial Officer Resignation
Smiths News, (LSE: SNWS), the UK's
largest news wholesaler and a leading provider of early morning
end-to-end supply chain solutions, today announces that Paul Baker,
Chief Financial Officer ("CFO"), has informed the Board of his
intention to step down as a director and CFO, to join a large
private business, operating in a different sector.
Paul will remain with the Company
through his notice period whilst a replacement is found, to ensure
a seamless and effective transition of responsibilities, at which
point a final departure date will be confirmed. The search for
Paul's successor will now commence and a further update will be
issued in due course.
In addition, the Group expects to
provide, in March 2025, a pre-close trading update for the half
year ending 1 March 2025.
Jonathan Bunting, Chief Executive Officer of Smiths News,
commented:
"I
would like to thank Paul for his significant contribution during
his time with the business. He is leaving the business in a
strong financial and operational position.
"Paul has been a valued colleague who I have very much enjoyed
working with, and I wish him every success in his next role and for
the future."
For
further information, please contact:
|
Smiths News PLC
Jonathan Bunting, Chief Executive
Officer
Paul Baker, Chief Financial
Officer
www.smithsnews.co.uk
|
via Vigo
Consulting
|
|
Vigo Consulting
Jeremy Garcia / Fiona Hetherington /
Verity Snow
smithsnews@vigoconsulting.com
|
Tel: +44
(0) 20 7390 0230
|
About Smiths News
For over 200 years, Smiths News has
been delivering newspapers to retailers across the UK. It
distributes newspapers and magazines on behalf of the major
national and regional publishers, delivering to approximately
22,500 customers across England and Wales on a daily basis. The
speed of turnaround and the density of Smiths News' coverage is
critical to one of the world's fastest physical supply
chains.
For more information, please
visit: www.smithsnews.co.uk
Person responsible for arranging release of this
announcement:
Stuart Marriner, General Counsel
& Company Secretary
Smiths News plc, Rowan House, Cherry
Orchard North, Kembrey Park, Swindon SN2 8UH
Email: cosec@smithsnews.co.uk
