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Monday, October 7, 2024
CEOWORLD magazine - Latest - CEO Opinions - Mothercare CEO Daniel Le Vesconte is out after just five months in charge.

CEO Opinions

Mothercare CEO Daniel Le Vesconte is out after just five months in charge.

Mothercare

Chief executive of Mothercare Daniel Le Vesconte is out with immediate effect after 5 months in the role. In January, Daniel Le Vesconte assumed the role of Mothercare’s first chief executive in two years. Before his appointment at Mothercare, Le Vesconte held prominent leadership positions at Abercrombie and Fitch, Dr. Martens, and VF Corp, the owner of Vans.

While searching for a new CEO, Chairman Clive Whiley, and Chief Financial Officer, Andrew Cook will take charge of the operating board, as they did before Le Vesconte’s arrival, until a new boss is found. It is worth noting that Mothercare’s shares have experienced a decline of over 20% throughout this year.

Whiley said: “The Board believes that a change in CEO is in the best interests of the company and its shareholders. “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.”


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CEOWORLD magazine - Latest - CEO Opinions - Mothercare CEO Daniel Le Vesconte is out after just five months in charge.
Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is a publishing executive and economist who is the CEO and editor-in-chief of The CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Additionally, he serves as the chair of the advisory board for the CEOWORLD magazine. He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He earned his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.


Prof. Dr. Amarendra Bhushan Dhiraj is CEO and editor-in-chief of CEOWORLD magazine. You can follow him on LinkedIn, Facebook, Twitter.