Mothercare non-exec directors to step down
Rivers would have been entering his 11th year in the role but will not be standing for re-election. Mothercare said it will be commencing a search for a senior independent non-executive director to replace Rivers once it has completed its fundraising.
Meanwhile, Ginsberg has taken on new roles outside of Mothercare which he feels could impact his commitment to support Mothercare. He will be succeeded by Nick Wharton, a current non-executive director, as chair of the audit and risk committee.
Clive Whiley, chairman of Mothercare, said:"I would like to thank both Richard and Lee for their contributions to Mothercare over the past decade and wish them both well. I am delighted that Nick Wharton has taken on the role of audit and risk committee chair.”
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