Kathmandu Holdings Limted
(ASX:KMD) says Chief Operating Officer and Finance Director Mark Todd will step down from the company at the end of the month.
Mr Todd has been Acting CEO through most of the past year as the clothing retailer awaiting the start of new CEO Xavier Simonet.
He will be replaced as senior finance executive by CFO Reuben Casey.
Mr Todd said he had decided to resign regardless of the outcome of the current takeover offer from Briscoe Group and with the new CEO now on board it was the right time to step aside.
Kathmandu reported a net loss of $1.72 million for the six months to the end of January 2015.
