May 21, 2019 / 6:24 AM / a month ago

WH Smith CEO to step down, third quarter sales rise

May 21 (Reuters) - WH Smith Plc Chief Executive Officer Stephen Clarke has decided to step down, the British books, stationary and newspaper chain said on Tuesday as it reported a rise in third-quarter sales.

The company, whose total sales rose 15% in the 11 weeks ended May 18, said the current managing director of the company’s high street business Carl Cowling would replace Clarke as part of a long-term succession plan.

Clarke has spent 15 years at the company in different roles. (Reporting by Pushkala Aripaka in Bengaluru; editing by Patrick Graham)

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