Kathmandu’s CEO of eight years, Peter Halkett has announced his resignation from the company, which is to take effect in November this year.
Outdoor apparel and accessories retailer, Kathmandu‘s board has just a few months now to find a new candidate for the role of CEO, following the announcement of Peter Halkett’s resignation.
After eight years with the brand, Halkett has chosen to step down citing personal reasons. The resignation is set to become effective as of November 25.
“Peter will work with the board and executive on an appropriate transition plan,” said Chairman David Kirk.
With Kathmandu having recently struggled as a result of the delayed onset of winter, the company announced in June that its full year earnings may be as much as 15 percent below the previous year’s. However, more recently the brand revised that profit warning upwards following a strong July.
Whether Kathmandu’s near-term financial future is looking strong or not may well be impacted by the impending departure of its CEO, who says he will soon be looking for a “fresh challenge”.
“I have been with Kathmandu for eight years and feel the time jus now right for me to take a break, up to a year off, and then look for a fresh challenge,” Halkett said.
Kathmandu have been a strong performer in the local online retail space, expanding its shipping territories to include over 40 countries this year. The brand came in at number 50 in this year’s E-Commerce Leaders’ Playbook.