LONDON Feb 24 British baby products retailer
Mothercare said on Monday its chief executive will leave
the company at the end of March and the search for a replacement
is starting immediately.
The company's executive management will be responsible for
the day-to-day running of the firm until a new chief executive
"The Board remains confident in the underlying strength of
Mothercare and expects results for the year ending March 2014 to
be in line with current market forecasts," the company said in a
Chief executive Simon Calver will receive a payment of
250,000 pounds instead of a six months' notice period, the
company added, without specifying reasons for his departure.