Mothercare CFO steps down

Retailer’s Chief Financial Officer and Executive Director Richard Smothers announces resignation

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Posted 12.05.2017 | Retail

Retailer’s Chief Financial Officer and Executive Director Richard Smothers announces resignation

Mothercare Chief Financial Officer and Executive Director Richard Smothers has given notice of his resignation. 

Under the terms of his service agreement, Richard has a notice period of 12 months and will remain with Mothercare until a successor has been identified and. The nursery and infant product retailer said it expects an appropriate transition plan to be in place towards the end of the calendar year. 

Mark Newton-Jones, Mothercare CEO, said: "Richard has played a significant role in the first phase of the turnaround of the Mothercare brand, helping us to build a strong platform for future growth. On a personal note I'd like to thank him for his support and wish him well for the future."

The news comes a week since its before the Mothercare is due to release its full year results on 18 May 2017.

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