Kate's Swann song is WH Smith's best half-year profits for a decade
Kate Swann, the outgoing chief executive of WH Smith, is set to leave on a high after delivering the book and stationery group's best half-year profits for a decade.
She took the helm in 2003 when WH Smith was struggling and regularly compared to the now-defunct high street chain Woolworths, but Ms Swann has delivered a stunning improvement in its market value, helped by share buy-backs, and its bottom line.
She said: "I think in terms of shareholder value, which is the key measure of a chief executive, we have delivered really good returns for shareholders and I expect this to continue."
Ms Swann, who will be replaced by Steve Clarke, the managing director of the group's high street division, is leaving in June and is already seen as a hot property among headhunters.
She is known to want another big job, and joked: "I see the attraction for ladies who lunch but I cannot see it right now [for me]."
WH Smith grew its pre-tax profits by 5 per cent to £69m over the six months to 28 February.
This was driven by cost savings, selling more higher-margin stationery and the continuing expansion of its international business.
- 1 Scientists create transparent mouse complete with see-through organs
- 2 Pope Francis issues top 10 tips for happiness
- 3 Disney heiress Abigail disowns her share of family profits in West Bank company
- 4 Putin v Obama: Russian deputy prime minister mocks president with catty pictures on Twitter
- 5 Israel's propaganda machine is finally starting to misfire
Russell Brand accuses Sean Hannity of terrorism after aggressive Israel-Gaza debate
Pope Francis issues top 10 tips for happiness
Kenny Ireland dead: Benidorm actor dies aged 68
Justin Bieber posts Instagram photo of Orlando Bloom crying after Ibiza fight 'over Miranda Kerr'
Putin v Obama: Russian deputy prime minister mocks president with catty pictures on Twitter
The secret report that helps Israel hide facts
Land for gas: Merkel and Putin discussed secret deal could end Ukraine crisis
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Boozy, ignorant, intolerant, but very polite – Britain as others see us
- < Previous
- Next >
iJobs Money & Business
£300 - £350 per day: Orgtel: Financial Analyst, Forecasting, Halifax, Banking,...
£500 per day: Orgtel: Business Architect - Banking - Bristol - £500 per day A...
£200 - £500 per day + competitive: Orgtel: I am currently working on a large p...
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...