Mothercare’s chief executive has stepped down from his role among a raft of other senior changes as the embattled retailer continues its international franchise push.
In an update to the City this morning, it was announced that Mothercare chief executive Mark Newton-Jones would “step down” from the role effective immediately and be replaced in an interim capacity by current chief financial officer Glyn Hughes.
The retailer, which appointed administrators for its UK business in early November, said Newton-Jones would remain as an executive director with the business through to July, before becoming a non-executive director thereafter.
Mothercare also confirmed the appointment of Clive Whiley as its new non-executive chair. He will take up his new role on March 29.
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