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Kathmandu Holdings (ASX:KMD)- Departing CEO, Xavier Simonet - The Market Herald
Departing CEO, Xavier Simonet
Source: The Australian
  • 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.


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