Directorate change
09 6월 2023 - 3:00PM
Directorate change
Mothercare plc
Directorate Change
Mothercare PLC ("the Group" or "the Company") announces that
Daniel Le Vesconte has stepped down from his role as Chief
Executive Officer ("CEO") and as a Director of the Board with
immediate effect. Clive Whiley, the Company's Chairman and Andrew
Cook, the CFO, will revert to leading the Operating Board, as was
the case for the previous three years, until the process to find a
replacement CEO is completed.
Clive Whiley said:
"The Board believes that a change in CEO is in the best
interests of the Company and its shareholders. The Board is fully
committed to the Group's successful long-term strategy and, further
to last month’s pre-close Trading Update, the Company continues to
perform in line with expectations. In addition we are progressing a
number of options to refinance the Group’s debt facilities.
Working together with Mothercare’s senior management team I
am confident that the Group's successful, consistent strategy and
culture will continue the Group’s profitable growth."
Ends
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