The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Kathmandu’s (KMD) CEO, Xavier Simonet, has resigned after five years in the role
  • Xavier is leaving to pursue a new senior role in the Australian Public Service, which will be announced soon
  • Chairman David Kirk is disappointed to lose Xavier but understands his desire to take up a new role
  • Xavier will remain with the company for his six-month notice period or until the board decides to release him
  • On market close, Kathmandu is down 5.31 per cent and is trading at $1.16 per share

Kathmandu’s (KMD) CEO, Xavier Simonet, has resigned after five years to pursue a new senior role in the Australian Public Service.

Xavier will remain with the company through his six-month notice role or until the board decides to release him.

More information on his new role will be released soon.

Chairman David Kirk says he is disappointed to lose Xavier but understands his desire to take up a new role.

“We wish him well in the important work he will undertake. Xavier has led Kathmandu through a period of growth and repositioning of the company,” he said.

“Kathmandu, Rip Curl and Oboz are three iconic brands which together
create a world-class outdoor adventure company, diversified by geography, channel to market and seasonality,” he added.

Xavier said he has had an awesome time at Kathmandu.

“The group has great brands, passionate teams and strong values. I am very grateful to our teams, to the Board of Directors, to our shareholders and to my Chairman, David Kirk, for their support,” he told the market.

On market close, Kathmandu is down 5.31 per cent and is trading at $1.16 per share.

KMD by the numbers
More From The Market Online
The Market Online Video

Calmer Co’s kava products hit shelves at 500+ Coles stores

Kava health food drink producer Calmer Co has finally seen its products hit the shelves at…

Kathmandu (ASX:KMD) tips millions in losses as Australia locks down

Kathmandu (ASX:KMD) has closed doors on 66 stores in Western Australia and New South Wales, as…

Bubs Australia sees growth in the US, on track for positive FY25 EBIT

Bubs Australia (ASX:BUB) posted an update on its growth in the US market, and the latest…

Kogan’s HY result mixed, but shares up more than 20pc defying risk-off brokers

Online retailer Kogan (ASX:KGN) posted its half year report to 31 December 2023 on Monday, to…