- Packaging group DS Smith said that chairman Gareth Davis' term had been extended to 3 January 2021, at which point he was expected to retire.

A recruitment process for a replacement would be started at the appropriate time.

'I have thoroughly enjoyed my time on the board and look forward to continuing to contribute to the development of the company through its next exciting chapter,' Davis said.

At 3:04pm: [LON:SMDS] Smith DS PLC share price was -8.1p at 315.4p

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