Mothercare boss to step down as non-executive director of Boohoo.com
Boohoo.com has this morning (June 27) announced the intention of Mark Newton-Jones to step down as non-executive director after nearly three years with the company.
Mark, the CEO of retailer Mothercare plc and chairman of Graduate Fashion Week, will leave the online fashion firm with effect from July 31.
The Boohoo board is now searching for a new non-executive director and expects to announce Mark’s replacement in due course.
Boohoo.com plc chairman Peter Williams said: “On behalf of the board, I would like to thank Mark for his positive contribution to the board in the conversion from being a private to a public Company and in particular for his retail insights.”
The Manchester-based firm’s joint chief executive, Mahmud Kamani, who co-founded the business with entrepreneur Carol Kane in 2006, commented: “Mark’s insight as a retailer has been hugely helpful to Carol and me over the last three years.
“We both thank him for his friendship and his valuable contribution as we’ve established Boohoo as a listed business, we wish him well for the future.”
The announcement follows the news that Boohoo.com has expanded its North West footprint with the acquisition of a £1.6m property in Manchester city centre.
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis
How to build credibility in B2B marketing
Is your business ready for the trade union change?
Government 'must take its foot off businesses' throats'
Upskilling key to civil engineering's future
Why apprenticeships are becoming a strategic asset
Business growth requires the right environment
OpenAI decision a wake-up call for our tech plans
Understanding the new Employment Rights Act
Why global conflict is a cyber risk for UK SMEs