KMD
10/08/2015 08:30
OFFICE
NOT PRICE SENSITIVE
REL: 0830 HRS Kathmandu Holdings Limited
OFFICE: KMD: Mark Todd resigns as Chief Operating Officer
KATHMANDU HOLDINGS LIMITED
ASX/NZX/MEDIA ANNOUNCEMENT
10 August 2015
MARK TODD RESIGNS AS CHIEF OPERATING OFFICER
Kathmandu Holdings Ltd today announced that Mark Todd has resigned as Chief
Operating Officer and Finance Director. Mr Todd joined the company in 1998,
and was acting CEO throughout most of FY2015 whilst the company awaited the
start of new CEO Xavier Simonet. He will be replaced as the company's senior
finance executive by incumbent Chief Financial Officer Reuben Casey and will
step down from the Kathmandu Board at the end of the month.
Kathmandu's Chairman David Kirk thanked Mr Todd for his contribution to the
success of the company. "Mark's role was pivotal in the successful listing of
Kathmandu in 2009, and his financial and retail acumen has been hugely
valuable to the Board over the past 6 years. Prior to Xavier taking up his
position, Mark led the business through to a good Q4 winter season trading
result, despite an extended period of substantial management team change, in
combination with a difficult trading environment."
Mark Todd confirmed he had decided to resign regardless of the outcome of the
current takeover offer from Briscoe Group. "I had contracted to stay with
Kathmandu in my current role until July next year, but now with Xavier on
board I feel it is the right time to step aside entirely. I'm very proud to
have contributed to Kathmandu's growth. The business has grown 20 fold since
I joined in 1998. I thank my fellow Directors and Executives for their
support in the past year in particular and I'm very confident in the Board
and our new leadership team's ability to deliver our FY2016 forecast result".
ENDS.
For further information please contact:
Helen McCombie
Citadel-MAGNUS
+61 2 9290 3033
End CA:00268116 For:KMD Type:OFFICE Time:2015-08-10 08:30:29
