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UK's Smiths News says CFO Baker to step down

Published by Global Banking & Finance Review

Posted on March 4, 2025

1 min read

· Last updated: January 25, 2026

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(Reuters) -Newspapers and magazines distributor Smiths News said on Tuesday its CFO Paul Baker intends to leave the firm after more than three-and-a-half years in the role. During Baker's tenure,

Smiths News CFO Paul Baker Announces Departure After 3.5 Years

(Reuters) -Newspapers and magazines distributor Smiths News said on Tuesday its CFO Paul Baker intends to leave the firm after more than three-and-a-half years in the role.

During Baker's tenure, shares of the firm have surged more than 47% up to Monday's close. Smiths said a final departure date for Baker will be confirmed as the company looks for his replacement.

In January, Smiths had said trading for 2025 remains in line with market expectations. It is now expected to give an update for the first half of 2025 later this month.

(Reporting by Aby Jose Koilparambil and Chandini Monnappa in Bengaluru; Editing by Mrigank Dhaniwala and Rashmi Aich)

Key Takeaways

  • Smiths News CFO Paul Baker to leave after 3.5 years.
  • Company shares surged over 47% during his tenure.
  • Final departure date for Baker yet to be confirmed.
  • Smiths News to update on first half of 2025 soon.
  • Company seeks a replacement for the CFO position.

Frequently Asked Questions

Who is stepping down from Smiths News?
CFO Paul Baker intends to leave Smiths News after more than three-and-a-half years in the role.
What has been the impact on Smiths News shares during Baker's tenure?
During Baker's tenure, shares of Smiths News have surged more than 47% up to Monday's close.
When is Smiths News expected to provide a trading update?
Smiths News is expected to give an update for the first half of 2025 later this month.

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