Mothercare chief executive to stand down
Mothercare has confirmed that its chief executive Ben Gordon is to stand down next month. Gordon, who joined the business in 2002, will leave by mutual consent on 17 November when the company issues its interim results.
The announcement follows the news last week that the retailer’s second half outlook had deteriorated and that UK revenue had declined by 6.4%. The company issued its third profit warning in a year and its shares fell 42% as a result.
Alan Parker, chairman of Mothercare said: "We are grateful to Ben for the enormous change and improvement he has brought to Mothercare. On behalf of the Board, I want to thank Ben for his significant contribution to Mothercare and we wish him every success in the future."
Following Gordon’s departure the executive management of the company will report directly to Parker. Mothercare said it was beginning the search for a new chief executive immediately.
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