Smiths News - Managing Director

RNS Number : 5065S

Smiths News PLC

22 November 2011

 



Smiths News PLC

Smiths News PLC ("the Group"), the UK's leading wholesaler of newspapers, magazines and books, is pleased to announce that Jonathan Bunting, currently Chief Commercial Officer has been promoted to Managing Director of Smiths News, effective 1 May 2012.

In addition to his role as Managing Director of Smiths News, Jon will have executive accountability for the Group's Media and Marketing businesses (DMD and DMS), that were recently acquired as part of the Dawson Holdings acquisition in August 2011.

Jon will also remain an Executive Director of the Company and member of the Board of Smiths News PLC.

In his new role Jon will continue to report to Mark Cashmore, Group Chief Executive. The Group's Corporate Development team will report directly into Mark Cashmore from the point that Jon takes on his new responsibilities.

Mark Cashmore, Group Chief Executive of Smiths News PLC comments:

"I am delighted to be able to announce the promotion of Jon to Managing Director of Smiths News, the largest trading division of the Group. Jon brings a wealth of commercial experience and a track record of success. Jon is an outstanding executive and will lead Smiths News, with distinction."

Enquiries:

Smiths News PLC	Tel: [phone]
Mark Cashmore, Group Chief Executive
Nick Gresham, Chief Financial Officer
Buchanan Communications Jeremy Garcia / Mark Edwards	Tel: [phone]

About Smiths News PLC:

Smiths News PLC comprises Smiths News, the UK's leading wholesaler of newspapers and magazines, and Bertrams, a leading UK book wholesaler.

Smiths News distributes newspapers and magazines on behalf of all the major national publishers as well as a large number of regional publishers.  The business serves approximately 30,000 customers across England and Wales, supplying large general retailers as well as smaller independent newsagents. Smiths News has an approximate 55% share of the newspaper and magazine wholesaling market in the UK.  In addition to its distribution activities, Smiths News collects and processes returns, supplies sales information to publishers and provides a range of services for its retail customers.

Bertrams, which was acquired on 20 March 2009, supplies books to a mix of independent booksellers, on-line and multiple retailers, and libraries. Bertrams has an approximate 45% share of the wholesale book market.

In August 2011 the company acquired Dawson Holdings plc and is currently integrating its businesses into the Smiths News Group. The principal asset, Dawson Books is a leading supplier of academic books in the UK and internationally.

 

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