WH Smith CEO Cowling Resigns After Probe of Accounting Error (2)

WH Smith Plc’s Chief Executive Officer Carl Cowling resigned, as an accounting error forced the British retailer to cut its profit outlook in North America for a second time.

Read More: WH Smith Plunges After Accounting Error Hits Profit Outlook

Cowling, who has led WH Smith since November 2019, offered to step down following an independent review by Deloitte, which blamed the problem in North America partly on a lack of oversight. He will stay on as an employee to the end of February to help with the handover of duties, WH Smith said Wednesday.

The change came as ...