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Swann to receive new bonus package

26.04.10 | Philip Jones

Kate Swann, chief executive of W H Smith, could bag a payday of more than £5m under a bumper management incentive plan being drawn up by the newsagent and stationery chain. It would keep her at the helm of the retailer for at least another three years.

The Times' headline says £8m, but this appears to include £2.5m she has already received from a previous incentive plan.

Swann, 44, is regarded as one of the hottest properties in the retail sector after growing profits four-fold since taking the helm at W H Smith in 2003.

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