Shares of Mothercare rallied 4% after it confirmed the appointment of Simon Calver as its new chief executive officer.
Calver, 47, will join the Mothercare board as CEO on 30 April 2012 at which time Alan Parker will resume his role as non-executive chairman, the group confirmed in a company statement.
Calver joins Mothercare from his role as chief executive of LOVEFiLM International, part of Amazon.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Commenting on the appointment, chairman Alan Parker said, "Simon Calver is a highly successful business leader with experience heading multinational consumer facing organisations."
"His e-commerce and brand expertise will enable Mothercare to accelerate its development as a multi-channel retailer in the UK and his international perspective will be invaluable to the continued rapid expansion of Mothercare and Early Learning Centre globally."
-
Zhang Shengwei: the godfather of the vape industryProfile Zhang Shengwei quietly grew his online vape shop and now gives Big Tobacco a run for its money. Can he survive the backlash from regulators?
-
Tomorrow’s Asian giants while they are still small companiesOpinion Nitin Bajaj, portfolio manager of the Fidelity Asian Values trust, picks three Asian companies to invest in.
