WHSmith chief executive Clarke to step down

Stephen Clarke

WHSmith group chief executive Stephen Clarke is to step down in October, when he will hand over the reins to Carl Cowling.

Clarke has been at WHSmith for 15 years, including six leading the bookseller and stationer.

Cowling, at present managing director of WHSmith’s high street division, joined the retailer in 2014 to run its travel arm.

WHSmith also reported that total group sales rose 15% – or 4% excluding recently acquired InMotion – and like-for-likes rose 1% year on year in the 11 weeks to May 18.

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