Wednesday, 4 April 2018

Mothercare appoints David Wood former group president of US grocer Kmart Holdings as new chief executive



Mothercare chief executive Mark Newton-Jones has stepped down and been replaced by David Wood, former group president of US grocer Kmart Holdings.

 
Mr Wood has also held a number of commercial, marketing and management positions at Tesco.


Mr Newton-Jones joined Mothercare as interim boss in March 2014 and as permanent chief from July that year.


The baby goods retailer, which releases latest trading figures next week, has had a troubled start to the year.


Last month, it warned on full-year profit, and the firm also experienced a sales slump over Christmas.
Shares in Mothercare were down nearly 3% in late morning trade in London, at 17.72 pence.




BBC       News.