REG - Smiths News PLC - Directorate Change

Smiths NewsAnnouncement

04/03/2025 07:15

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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                                                        via Vigo Consulting

 Jonathan Bunting, Chief Executive Officer

 Paul Baker, Chief Financial Officer

 www.smithsnews.co.uk (http://www.smithsnews.co.uk)

 Vigo Consulting                                                        Tel: +44 (0) 20 7390 0230

 Jeremy Garcia / Fiona Hetherington / Verity Snow

 smithsnews@vigoconsulting.com (mailto:smithsnews@vigoconsulting.com)

 

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
(http://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 (mailto:cosec@smithsnews.co.uk)

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