More woe for Mothercare as finance boss quits

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The Independent Online

The disarray at Mothercare took a new turn yesterday as the finance director resigned just weeks after the struggling retailer found a new chief executive.

Neil Harrington, who has left after six years at the firm to join a private equity business, earned £265,400 last year.

His resignation spins the Mothercare boardroom's revolving door again days ahead of the arrival of Simon Calver to take up the reins as chief executive.

The former Whitbread chief executive Alan Parker has been running the retailer as its executive chairman since the previous chief executive, Ben Gordon, quit last year in the wake of two profit warnings.

The search for a new finance director will be another distraction for Mr Calver, who will outline a new strategy for the group next month.