Mothercare CEO Daniel Le Vesconte steps down

Mothercare Chief Executive Officer Daniel Le Vesconte has stepped down “with immediate effect” after just six months, having started in the role in January 2023 following a November 2022 appointment.

Mothercare Chairman Clive Whiley and Chief Finance Officer Andrew Cook will revert to leading the operating board, as was the case for the previous three years prior to Le Vesconte joining, until the process to find a replacement CEO is completed.

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.”

Prior to his brief spell at Mothercare, Le Vesconte held senior roles at Abercrombie & Fitch as GVP Global Brands EMEA, Dr Martens as President EMEA, Wolverine Worldwide as Managing Director EMEA and VF Corporation as VP Vans and Reef EMEA.