WH Smith to split: FDs appointed
FDs named, as WH Smith looks to split retail and distribution
Plans to split WH Smith into two arms will create a second board team and a
new public listed company, with details emerging about who will take on the
executive roles.
Its news distribution business will be renamed Smiths News plc, while retail
will be named WH Smith plc.
Alan Stewart becomes group FD of WH Smith, while Smiths News FD Alan Humphrey
effectively retains his role.
The businesses bring in more than £1bn in annual revenues each.