Business
Board Appointment
Board Appointment.
About this update from Smiths News Plc
[{"type":"text","content":"\n RNS Number : 2356Q Smiths News PLC 30 July 2010 \n \n\nSmiths News PLC\nBoard Appointment\n \nSmiths News PLC (the \"Group\") is pleased to announce that Nick Gresham, who will join the Group as Chief Financial Officer on 1 August 2010, will join the Board as an executive director with effect from 1 August 2010.\n \nAs previously announced on 22 April 2010, Nick has spent eight years in senior financial roles at Home Retail Group. Prior to this he was Head of Strategic Finance at GUS and held key financial roles at Virgin Music Group Ltd and Debenhams plc.\n \nNick will succeed Alan Humphrey who, as announced on 1 March 2010, is retiring. Alan will remain with the Group and on the Board until a smooth transition has been achieved.\n \nDennis Millard, Chairman of Smiths News PLC commented:\n \n\"\"I am delighted to welcome Nick to Smiths News and looking forward to his contribution and support in delivering our growth strategy.\"\n \n \nEnquiries:\n \n\n\n\n\nSmiths News PLC\nMark Cashmore, Group Chief Executive\n\n\nTel: 01793 563641\n \n\n\n\n\n\n\n\n\n\n\n\n\nBuchanan Communications\n\n\n\n\n\n\n\nMark Edwards / Jeremy Garcia\n\n\nTel: 020 7466 5000\n\n\n\n\n \n \nAbout Smiths News PLC:\n \nSmiths News PLC (\"the Group\") comprises Smiths News, the UK's leading wholesaler of newspapers and magazines and Bertrams, a leading UK book wholesaler. The Group was formed on 1 September 2006 following the demerger of WH Smith PLC.\n \nSmiths News distributes newspapers and magazines on behalf of all the major national publishers as well as a large number of regional publishers. The business serves approximately 30,000 customers across England and Wales, supplying large general retailers as well as smaller independent newsagents. Smiths News has an approximate 55% share of the newspaper and magazine wholesaling market in the UK. In addition to its distribution activities, Smiths News collects and processes returns, supplies sales information to publishers and provides a range of services for its retail customers.\n \nBertrams, which was acquired on 20 March 2009, supplies books to a mix of independent booksellers, on-line and multiple retailers, and libraries. Bertrams has an approximate 45% share of the wholesale book market.\n \nThe G...