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Mothercare chief executive Mark Newton-Jones has stepped down and been replaced by David Wood, former group president of US grocer Kmart Holdings.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

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