Directorate Change

Smiths News

04/03/2025 07:00

RNS Number : 1748Z

Smiths News PLC

04 March 2025

 

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 
  END

 

 
BOASSFFADEISESD