Smiths News PLC Appointment of Chief Financial Officer (2249I)
August 11 2021 - 2:00AM
UK Regulatory
TIDMSNWS
RNS Number : 2249I
Smiths News PLC
11 August 2021
11 August 2021
Smiths News PLC
(Smiths News or the Company)
Chief Financial Officer and Director Appointment
Smiths News is pleased to announce that Paul Baker has been
appointed Chief Financial Officer, effective from his starting date
with the Company on 4 October 2021. On joining, Paul will be
immediately appointed as a director of the Company.
As announced on 5 May 2021 (see RNS Number: 5404X), current
Chief Financial Officer, Tony Grace, has confirmed his intention to
retire from his executive role on 31 December 2021. It is expected
that Tony will step down from the Board on 30 November 2021. Until
then, Tony will continue as a director of the Company in order to
support the Board through an appropriate handover period and the
finalisation of the current financial year's (FY2021) audited
results. (.)
Paul is a highly experienced senior executive, with extensive
and relevant financial and business transformation experience, most
recently as Integration Director at Compass Group plc. Prior to
that, he held various regional and divisional Finance Director
roles within each of Compass Group (2013 to 2021), Iglo Group/
Birds Eye Limited (2011 to 2013) and Cadbury Schweppes PLC (1997 to
2010).
David Blackwood, Chairman of Smiths News , commented :
" I am delighted to welcome Paul to Smiths News as Chief
Financial Officer. He brings with him a track record of delivering
strategic and operational change in fast moving environments and is
expected to further enhance and broaden the executive team's
capability and experience . As a Board, we look forward to working
with Paul and would also like to wish Tony a happy and healthy
forthcoming retirement. "
The Company confirms that there is no further information about
Paul Baker requiring disclosure under paragraph 9.6.13 of the
Listing Rules of the Financial Conduct Authority.
Enquiries:
Smiths News PLC
Jonathan Bunting, Chief Executive Via Buchanan
Officer
Tony Grace, Chief Financial Officer
www.corporate.smithsnews.co.uk
Buchanan
Richard Oldworth / Jamie Hooper
/ Toto Berger
smithsnews @buchanan.uk.com
www.buchanan.uk.com 020 7466 5000
About Smiths News PLC
Smiths News PLC and its core business, Smiths News, is the UK's
largest newspaper and magazine wholesaler, with an approximate 55
per cent. market share. It distributes newspapers and magazines on
behalf of the major national and regional publishers, delivering to
approximately 24,000 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.
Ancillary businesses include: Dawson Media Direct (DMD) which
supplies airlines and travel points in the UK; and Instore, which
offers field marketing services to retailers and suppliers across
the 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
LEI: 2138004O33ONVOOQXB02
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END
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