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:

Recommended Articles

Comments

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

Personal branding - A headhunter's perspective

Personal branding - A headhunter's perspective

'If you don't have honesty and integrity you will get found out'more ..


Microsoft's former boss Steve Ballmer steps down

The former CEO cited a busy schedule, particularly involving his LA Clippers basketball team, for his resignationmore ..

Unemployment rate hits 6-year low

But wage growth plunges to 0.2% on a year agomore ..

Embattled Serco names Aggreko boss as new CFO

Angus Cockburn will be reunited with his former boss Rupert Soames at Sercomore ..

The benefits of being a non-executive

Look for a non-executive when appointing peersmore ..

If you are still thinking about flexible working, it's too late

OPINION: Tips from an experienced chief security officer on how best to enable flexible workingmore ..

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
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..

Advertisement

* *