New WH Smith Boss Seen as Credible Given Previous Recovery Efforts -- Market Talk

Dow Jones01-19

1344 GMT - Leo Quinn, the incoming chief executive of U.K. retailer WH Smith, will be viewed as credible because of his experience leading previous recovery efforts, AJ Bell's Dan Coatsworth says. Quinn, who has led recoveries at QinetiQ and Balfour Beatty, will take both executive chair and chief executive positions, signaling a change in the company's corporate structure. The company "benefits from a captive audience in airports and railway stations," while Quinn's remuneration package will align his goals with those of investors, Coatsworth writes. Shares in WH Smith climb 9% to 6.865 pounds after reaching a near three-month high earlier in the day. The stock remains just shy of 40% down on its recent August peak. (josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

January 19, 2026 08:44 ET (13:44 GMT)

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Quinn, who has led recoveries at QinetiQ and Balfour Beatty, will take both executive chair and chief executive positions, signaling a change in the company's corporate structure. The company \"benefits from a captive audience in airports and railway stations,\" while Quinn's remuneration package will align his goals with those of investors, Coatsworth writes. Shares in WH Smith climb 9% to 6.865 pounds after reaching a near three-month high earlier in the day. The stock remains just shy of 40% down on its recent August peak. 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