Apr 4, 2018

Mothercare appoints David Wood 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Mothercare chief executive Mark Newton-Jones has stepped down and been replaced by David Wood, former group president of US grocer Kmart Holdings.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 Newton-Jones joined Mothercare as interim boss in March 2014 and as permanent chief from July that year. Shares in Mothercare were down nearly 3% in late morning trade in London, at 17.72 pence. Mr Wood said his immediate focus was to ensure Mothercare was put back on a sound financial footing and to "Deliver a successful plan to improve performance". In March, Mothercare warned that annual profits were likely to be near the bottom of its forecast £1m-£5m range.

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