Mothercare announces interim boss Mark Newton-Jones
After Simon Calver’s sudden departure last month, Mark Newton-Jones has been named as the interim chief executive (CEO) of babycare specialist Mothercare.
Newton-Jones will take over next Monday, minding the group while it looks for a permanent new boss. He won’t, therefore, join the board.
Calver left six weeks after the company issues a profit warning, following disastrous Christmas sales.
Newton-Jones was previously chief executive of Shop Direct, leaving in July 2013 after almost ten years. Before that, he held senior roles at Next, with a career spannning 30 years.
Alan Parker, chairman of Mothercare, said:
We are delighted to have secured the appointment of Mark as our interim CEO. His leadership skills and depth of experience in retailing through stores and online will further enhance our drive to deliver the recovery of the UK business to complement the strong and growing international operations. We look forward to welcoming Mark to Mothercare on 17 March.
Shares are up over two per cent following the news.
Source: Google