WH Smith CEO Resigns After Accounting Review Finds Issues in North America Unit
NegativeFinancial Markets

- WH Smith's CEO Carl Cowling has stepped down after Deloitte's review revealed accounting problems in the North America division, highlighting potential weaknesses in the company's financial practices.
- This resignation is significant as it raises questions about WH Smith's governance and could undermine investor confidence, especially as the company navigates scrutiny over its financial management.
- The incident reflects broader concerns in the retail sector regarding financial transparency and accountability, as companies face increasing pressure to maintain robust accounting standards.
— via World Pulse Now AI Editorial System


