We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedPeople Management

Mothercare’s new CFO to start by March-end


Matt Smith joins from retail chain Argos

Article comments

International childcare and clothing retailer Mothercare confirmed that its new CFO Matt Smith, whose appointment was announced in November 2012, will be taking up his role at the company towards the end of March.

Smith will join Mothercare from the Home Retail Group, where he has been for the last decade rising to the position of finance director at the group’s Argos retail chain. Prior to Home Retail Group, he worked at KPMG in London and Sydney as a director in its corporate finance department.

In a statement, Mothercare said interim CFO Dominic Lavelle will be leaving the business in 'due course'.

The company’s chief executive Simon Calver said, "Matt Smith’s appointment adds significantly to the commercial and financial expertise of the company and is vital for the delivery of the Transformation and Growth plan."

The new CFO will have his work cut out. In a January trading update, Mothercare said total group sales in the 13 weeks to 12 January fell 7.4 percent from a year ago. However in the UK, the drop was 12.9 percent.

Removing the effects of the closure of 11 UK stores, the dip in sales came in at 5.9 percent. Away from the British market, Mothercare’s international sales rose 14.8 percent over the corresponding period.

Share:

Comments

Mothercare’s new CFO to start by March-end
People Management

Finance skills evolve as the recovery takes hold

Finance skills evolve as the recovery takes hold

Finance teams need to learn soft skills as corporate priorities evolvemore ..


ITV group FD to join DS Smith board

Ian Griffiths to take up non-executive director role at packaging companymore ..

Unemployment falls to five-year low

Headline rate of unemployment at 6.9% as wages rise above inflation ratemore ..

Microsaic Systems appoints new FD

Andrew Darby to succeed Malcolm Batemanmore ..

Do you have what it takes to become a non-executive?

The benefits of board service for CFOsmore ..

How level is the playing field for women in business?

Vince Cable moots women-only shortlists just ahead of international women’s daymore ..

Send to a friend

Email this article to a friend or colleague:


PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.



In Depth
How M&A teams can create value by challenging the CEO

How M&A teams can create value by challenging the CEO

A typical “hold” period of nine to 18 months can generate increased sale value more ..

In Depth
What every company needs to do about big data?

What every company needs to do about big data?

In the first of a three part series, Pat Brans explores just how big 'big data' will get? more ..

Advertisement

* *