Directorate Change

RNS Number : 7915E

Mothercare PLC

11 May 2017

 

MOTHERCARE PLC

Directorate Change

Mothercare plc (or 'the Company') announces that Richard Smothers has given notice of his resignation as Chief Financial Officer and Executive Director.

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 an appropriate transition plan put in place, which is expected to be towards the end of the calendar year.

The Company has commenced a search for a new Chief Financial Officer and will update on progress in due course.

The Company will release its full year results on 18 May 2017.

Mark Newton-Jones, Chief Executive Officer of Mothercare plc, 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."

ENDS

Investor and Analyst enquiries to:

Mothercare plc

Mark Newton-Jones, Chief Executive Officer                                                      01923 206455

Richard Smothers, Chief Financial Officer                                                         01923 206455

Helen Gunter, Director of Corporate Communications                                          01923 206381

Media enquiries to:

MHP Communications:

John Olsen/Simon Hockridge                                                                          020 3128 8100

                                                                                                        [e-mail]

 

END

 

 

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