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Friday, September 22, 2023
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.

Prof. Dr. Amarendra Bhushan DhirajProf. Dr. Amarendra Bhushan DhirajCEO Opinions
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.
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Prof. Dr. Amarendra Bhushan Dhiraj

Prof. Dr. Amarendra Bhushan Dhiraj

Prof. Dr. Amarendra Bhushan Dhiraj is a media and technology executive, macro-economist, strategic thinker, chair, and chief executive officer of the CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Under Dr. Amarendra's leadership, CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders daily. Additionally, he serves as the chair and founding member of the CEOWORLD magazine’s Inclusion Advisory Board.

In his current role, he counsels and collaborates with c-suite executives of large multinational corporations, helping them drive change in their companies to improve their competitiveness. Dr. Amarendra has extensive experience in serving on numerous boards. He leads and supports a globally dispersed team of columnists, correspondents, editors, journalists, reporters, researchers, and industry analysts.

He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He also received 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. He earned his Master of Business Administration degree in Finance and his master’s degree in Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.

As CEO, he transformed the CEOWORLD magazine into a highly efficient, digital-first, profitable enterprise. Today, CEOWORLD magazine is a standard bearer for modern responsible journalism. Dr. Amarendra retains a strong desire to continuously improve his skills and abilities and believes that the first step to being a true leader is to inspire others to lead with you.

Prof. Dr. Amarendra Bhushan Dhiraj is the CHAIR, CEO, AND EDITORIAL DIRECTOR of the CEOWORLD magazine. Connect with him through LinkedIn.
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