Mothercare chairman steps down with immediate effect

Parker is succeed on an interim basis by Clive Whiley.

Parker’s departure is the latest leadership change at embattled Mothercare. At the start of this month Parker axed Mark Newton-Jones as chief executive and installed former Tesco man David Wood in his place.

Whiley maintained Mothercare had “an undoubted heritage and an exciting future both in the UK and internationally”.

He said: “Working with the team in Watford and our franchise partners around the world, I will endeavour to return Mothercare to a sound financial footing and deliver a successful plan to improve performance on behalf of all of Mothercare’s stakeholders.”

Wood said: “Mothercare is currently facing a number of challenges, not least a highly competitive retail environment. We recognise the clear needs ahead of us as we pursue our refinancing to allow us to complete our transformation plan.

“Clive’s appointment comes with the support of a number of our key shareholders and strengthens Mothercare’s leadership with specific refinancing and restructuring experience. He has the skills required to help stabilise the business and take it forward.”

Parker said: “After completing six years as chairman, I feel the time is right to hand over the chairmanship of Mothercare to Clive.

“His experience of successful restructuring and refinancing will help steer Mothercare through its next phase.”