Chief executive of Mothercare Daniel Le Vesconte has stepped down after just five months at the helm.
Mothercare’s first boss since 2020, Le Vesconte joined the retailer from Abercrombie & Fitch at the beginning of the year but has today stepped down with immediate effect.
In a statement, Mothercare chair Clive Whiley said a change of leadership was “in the best interests” of the business.
Whiley will lead the operating board alongside chief financial officer Andrew Cook until a replacement has been found.
“The board believes that a change in CEO is in the best interests of the company and its shareholders,” said Whiley.
“The board is fully committed to the group’s successful long-term strategy and, further to last month’s pre-close trading update, the company continues to perform in line with expectations.
“In addition, we are progressing a number of options to refinance the group’s debt facilities. Working together with Mothercare’s senior management team, I am confident that the group’s successful, consistent strategy and culture will continue the group’s profitable growth.”
Prior to joining Mothercare, Le Vesconte had held roles at Dr Martens, Hollister, Gilly Hicks, Wolverine Worldwide, Vans and Reef.
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