Mothercare's chief financial officer to step down
Under the terms of his service agreement, Smothers has a notice period of 12 months and will remain with Mothercare until a successor has been identified and an appropriate transition plan put in place. This is expected to be towards the end of the calendar year. The company has already begun a search for his replacement.
Mark Newton-Jones, chief executive of Mothercare, said: "Richard has played a significant role in the first phase of the turnaround of the Mothercare brand, helping us to build a strong platform for future growth. On a personal note I'd like to thank him for his support and wish him well for the future."
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