KMD Brands Limited has announced the resignation of Reuben Casey as CEO of the Kathmandu brand.
Group CEO Michael Daly will act as interim CEO while options for a replacement are assessed.
Casey has been with Kathmandu for 12 years and Daly says he leaves the brand well positioned for growth.
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The deal is subject to regulatory approvals and commercial conditions.
Every sector of the Australian share market has lost ground.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
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