Nursery Today magazine

Mothercare plc Appoints  CFO

Mothercare plc, is pleased to announce the appointment of Richard Smothers as its Chief Financial Officer and Executive Director.  Richard will join Mothercare on 23 March 2015

Richard is currently Director of Group Finance at Rexam plc, a position that he has held since 2011.  Prior to this role, he  spent 14 years at Tesco plc in a number of senior finance roles, including Finance Director (Asia), CFO Tesco Lotus (in Thailand) and Finance Director for UK Operations, having previously held various positions at Cargill. Richard is also a member of the Finance Committee, University College London.

Matt Smith, current Chief Financial Officer, Mothercare plc, will be leaving the Company on 20 January 2015.

Commenting on the appointment, Mark Newton-Jones, CEO, said "I am delighted that Richard is joining Mothercare as its Chief Financial Officer.  Richard has a wealth of experience having worked for multi-billion pound global businesses and his financial and commercial expertise will be extremely valuable as we implement our strategy to transform and modernise our business."

Alan Parker, CBE, Chairman said "I am extremely pleased that we have found someone with the skills and leadership qualities to work with Mark and the other members of the executive management team in delivering the Company's strategy.  Richard will be a great asset to the Board and the Executive Committee, and I look forward to working together."
Richard Smothers, said "I am excited to be joining Mothercare plc at this pivotal time in its turnaround, and look forward to working closely with Mark, the Executive Committee and the Board of the Company."

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