Mothercare CEO Simon Calver has resigned from the retailer after less than two years in the role, but intends to remain until the end of March.
Calver, who joined in April 2012 from LoveFilm and was tasked with restoring profitability and relevancy to the mother and baby product retailer, has resigned although the company has not issued a reason.
Last month, however, it did issue a profit warning, although a statement from Mothercare claimed that its year-end results, due out in March, were 'in-line' with current market forecasts.
Calver will help find a successor during his final month with the company and receive a £250,000 payment as part of his six month notice period.
Alan Parker, CBE, chairman of Mothercare, said: "Since Simon Calver joined Mothercare plc in April 2012, under his leadership the Company has made progress in implementing the Transformation and Growth plan. In particular, Simon Calver's e-commerce expertise has allowed Mothercare to accelerate its development as a multi-channel retailer in the UK. We wish him well in the future. Mothercare has a strong executive management team which is very capable of running the business in the interim while the search for a new CEO is under way."
Calver spoke to The Drum last year,when he said that he planned to make Mothercare more about its customers than its sales channels.