Kathmandu saw its profit fall 85 per cent in the 2020 financial year reflecting acquisition costs, restructuring and loss of $135m in sales. Photo / FileKathmandu chief executive Xavier Simonet has resigned after five and a half years at the company. Simonet, who intends working out a six-month notice period, is leaving to take up a senior role with the Australian Public Service. "We are disappointed to lose Xavier," Kathmandu chairman David Kirk said. Xavier Simonet, CEO of KathmanduSimonet led Kathmandu Holdings through a period of growth and re-positioning of the company, Kirk added.

Source: New Zealand Herald November 29, 2020 20:56 UTC