Mothercare chairman announces retirement
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Mothercare, retailer for parents and young children, has announced that Alan Parker has retired from his position as non-executive chairman.
In a statement the retailer thanked Alan for “his calm leadership through a challenging period”, and “his support and encouragement for the board and the significant contribution he has made to Mothercare over the years”.
David Wood, Mothercare’s CEO, said: “Mothercare is currently facing a number of challenges, not least a highly competitive retail environment. We recognise the clear needs ahead of us as we pursue our refinancing to allow us to complete our transformation plan.
“Clive’s appointment comes with the support of a number of our key shareholders and strengthens Mothercare’s leadership with specific refinancing and restructuring experience. He has the skills required to help stabilise the business and take it forward.”
Parker added: “After completing six years as chairman, I feel the time is right to hand over the chairmanship of Mothercare to Clive. His experience of successful restructuring and refinancing will help steer Mothercare through its next phase. I am very pleased that he is taking on the role and wish him, the board and Mothercare’s management team every success in the future.”
