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Article: Marching orders: recruitment expert disregards the view that WHSmith's FD John Warren was pushed out. A leading executive recruiter has questioned widespread speculation that WHSmith's former finance chief John Warren was forced to quit, writes Nicholas Neveling.(Brief Article)
- Article from:
- Accountancy Age
- Article date:
- March 10, 2005
- Author:
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WHSmith unexpectedly disclosed last week that former Thomas Cook UK CEO Alan Stewart would replace Warren, prompting market watchers to infer he was being made a scapegoat for the company's poor performance. The high street retailer was [pounds sterling]135m in the red in its last financial year.
The structure of Warren's severance package lead one executive recruiter to suggest the decision to leave was mutual. Warren, on an annual salary of [pounds sterling]325,000 plus a benefits package worth [pounds ...