Troubled WH Smith has lured a turnaround veteran to lead the travel retailer out of its accounting error crisis with a golden handcuffs package that could be worth nearly £25 million in five years time if he succeeds in doubling the share price.
Leo Quinn, 69, will become executive chairman of one of Britain’s best known and oldest corporate names from 7 April. He will succeed Annette Court who will step down at the AGM on 2 February. The appointment is subject to shareholder approval.
