Two Mothercare non-executive directors to leave

Mothercare plc has announced that Richard Rivers and Lee Ginsberg will step down as non-executive directors with effect from the conclusion of the company’s annual general meeting due to be held on July 19, 2018. Ginsberg will be succeeded by Nick Wharton, Non-Executive Director, as Chair of the audit and risk committee.

Commenting on the changes, Clive Whiley, Chairman of Mothercare, said in a statement: "I would like to thank both Richard and Lee for their contributions to Mothercare over the past decade and wish them both well. I am delighted that Nick Wharton has taken on the role of audit and risk committee chair.”

The company added that Rivers would be entering his 11th year and is not standing for re-election, so Mothercare will commence a search for a new senior independent non-executive director to replace him, post the completion of the fundraising. Ginsberg, Mothercare said, has taken on new roles outside of the company and feels this could impact his commitment to support Mothercare, so he will not be standing for re-election.

Picture:Facebook/Mothercare