WH Smith has named Leo Quinn as its new executive chair. He will replace Annette Court in April 2026. The move aims to stabilize the business and restore investor confidence.
Quinn brings over 20 years of experience leading UK public companies. He served as CEO of Balfour Beatty for more than a decade. Moreover, he has seven years of U.S. experience. This makes him well-suited to lead WH Smith’s North American recovery—a key growth area.
The timing is critical. In late 2025, WH Smith’s shares fell sharply. Accounting errors in its North America unit delayed annual results. As a result, the UK’s Financial Conduct Authority launched an audit probe. The then-CEO also stepped down.
Outgoing Chair Annette Court endorsed the decision. “The Board strongly believes Leo’s leadership record makes him the right candidate,” she said. “He can return the Group to stability and long-term growth.”
His pay package reflects the challenge ahead. Quinn will earn a £360,000 base salary. In addition, he could receive up to £24.5 million in shares. This payout depends on him doubling the company’s value within five years.
Importantly, WH Smith’s top shareholder supports the move. Causeway Capital called Quinn the right leader for the job. Portfolio manager Jonathan Eng said, “WH Smith urgently needs disciplined capital spending and stronger North American margins.”
Court will step down after the February 2 annual meeting. Until Quinn starts in April, Simon Emeny—the senior independent director—will serve as interim chair.
Overall, this leadership change signals WH Smith’s focus on accountability and operational discipline. With Leo Quinn WH Smith at the helm, investors hope for a faster, clearer path to recovery and sustainable growth.
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