Mothercare Plc : Directorate change

Mothercare plc

Directorate Change

 Appointment of CFO

Mothercare plc is pleased to announce the appointment of Matt Smith as its Chief Financial Officer and Executive Director.  Matt will join Mothercare on a date to be announced. 

Matt Smith is currently Finance Director at Argos, part of Home Retail Group plc.  Matt has spent ten years in senior financial roles at Home Retail Group, and also has responsibility for supply chain, distribution and IT.  Prior to Home Retail Group, Matt worked at KPMG both in London and Sydney, becoming a director in its corporate finance department.

Commenting on the appointment, Simon Calver, CEO said "I am delighted that Matt Smith is joining Mothercare as its Chief Financial Officer.  Matt's experience working for a multi-billion pound UK retailer, and his understanding of multichannel development, will provide the Company with the financial and commercial expertise that it requires to deliver our Transformation and Growth plan, and to grow the business both in the UK and internationally."

Alan Parker, CBE, Chairman said "I am extremely pleased that we have found someone with the skills and leadership qualities to support Simon and the other members of the executive management team.  Matt will be a great asset to the Board, and I look forward to working with him."

Matt Smith said "I am excited to be joining Mothercare plc at this critical time in its transformation plan, and look forward to working closely with Simon, the executive management and the Board of the Company.  I believe in the huge potential for Mothercare to grow globally, and in the opportunities for the business to deliver more to its customers in the UK."

No further information is required to be disclosed in respect of Matt Smith pursuant to Listing Rule 9.6.13R (1) to (6).

For further information:

Mothercare - Ramona Tipnis, Director of Investor Relations       01923 206455

Tulchan Communications - Katharine Wynne                            020 7353 4200

---

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Mothercare Plc via Thomson Reuters ONE

HUG#1659906