Mothercare announces the appointment of Mark Newton-Jones as its Chief Executive Officer. He will take up his position and join the Mothercare Plc Board on 17 July 2014.
The appointment follows Mark Newton-Jones' successful tenure as the Group's interim CEO, a position he has held since 17 March 2014. The Board has conducted a thorough recruitment process over the past few months and is confident Mark is the right person to lead the business.
Mark has extensive retail experience - across both stores and online - gained during a career that spans more than 30 years. Most recently he spent 10 years as CEO of Shop Direct Group during which he led its turnaround and transformation into one of the UK's leading internet and home shopping businesses. Previously Mark spent 18 years at Next Plc where he held a variety of senior retail roles, including in his last five years as the Director responsible for the Next Directory.
Since the start of the financial year, progress has been achieved across our International and UK businesses and the Board believes that scope for further improvement and growth in shareholder value is substantial. The Company will provide an update at the time of its AGM on 17 July on recent trading performance and Mark's initial views as part of its Q1 update.
Alan Parker, Chairman of Mothercare Plc, said: "I am delighted that Mark will be joining Mothercare on a permanent basis as our new CEO. He has made a substantial difference to the UK business already in the four months he has been with us and is a first-class retailer with a highly successful track record. After a rigorous recruitment process, we have chosen a strong and experienced leader in Mark to drive the UK turnaround, and take Mothercare's international business from strength to strength in order to deliver significant value for our shareholders."
Mark Newton-Jones said: "I am very much looking forward to leading the Mothercare Group at such an important time in its development. Mothercare and Early Learning Centre are two iconic UK retail brands which have both developed into significant international businesses, serving parents and young children in 60 countries. We now need to put in place the building blocks to strengthen the UK performance and I believe there is then a tremendous opportunity to take this business forward. It will be a pleasure to work alongside Mothercare's team of passionate and knowledgeable colleagues as we rebuild the UK and continue to grow our global presence."