- Mothercare announced that Glyn Hughes, currently the company's Interim Finance Director was appointed as CFO Designate.

Following a handover period Glyn will be appointed as CFO and Executive Director with effect from 1 December 2017 when Richard Smothers, the current CFO, whose resignation was announced on 11 May 2017, will leave the business.

Glyn recently returned from ten years in Asia where he held both CEO and CFO responsibilities in the Dairy Farm Group.

Prior to that, he was with Kingfisher, Tesco and KPMG.

CEO Mark Newton-Jones said: "I am delighted that Glyn is joining Mothercare as our Chief Financial Officer.

"Glyn's extensive international retail knowledge and finance experience will be a huge support to the team and me as our business goes through the next phase of its transition."

Chairman Alan Parker 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.

"Glyn will be a great asset to the company, Board and the Executive Committee, and I look forward to working together."

At 8:02am: [LON:MTC] Mothercare PLC share price was +1.5p at 100.5p

Story provided by