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    Home > Finance > UK's Smiths News says CFO Baker to step down
    Finance

    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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    Scene depicting the aftermath of an Israeli airstrike that killed Al Jazeera journalists in Gaza - Global Banking & Finance Review
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    Tags:Appointmentmanagementfinancial communitycorporate governance

    Quick Summary

    Smiths News CFO Paul Baker will step down after 3.5 years, with shares up 47%. The company is searching for a replacement and will update on 2025 trading soon.

    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 about UK's Smiths News says CFO Baker to step down

    1Who 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.

    2What 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.

    3When 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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