Swann set for bumper payday

KATE Swann, the chief executive of stationery retailer WH Smith, could be in line to receive a million-pound payout if the firm’s shareholders approve a sweetened incentive package designed to guarantee her loyalty.

Swann, who has been the subject of intense speculation over the top job at Royal Mail, has already received £2.5m after a past incentive deal paid out.

But the new package – the details of which have not been finalised – could be worth well over the £4m that she is in line to receive under her current incentive plan.