Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Kathmandu boss Halkett to leave in November

Kathmandu boss Halkett to leave in November

By Paul McBeth

Aug. 25 (BusinessDesk) - Kathmandu Holdings chief executive Peter Halkett will leave the outdoor equipment chain in late November, having led the company for eight years.

Halkett will depart on Nov. 25 after giving his notice of resignation, and will take up to a year off when he leaves the retailer, Kathmandu said in a statement. The board and executive are working on a transition plan, and Kathmandu's directors will look at options to find a replacement in the coming weeks. Chief operating office Mark Todd will act as chief executive in the interim.

"Kathmandu has continued to flourish as a public company under Peter’s leadership and in particular has grown rapidly and profitably in Australia," chairman David Kirk said. "He has built a strong team of executives around him and leaves the company well positioned for continuing growth."

Halkett took a leave of absence last year to recuperate from a severe infection after a routine medical procedure. Todd was acting CEO in his absence.

Shares of Kathmandu were unchanged at $3.37 today, and have slipped 4 percent this year. The shares were sold at $2.13 apiece in an initial public offer in 2009 in the first major float after the global financial crisis sapped investor appetite for public markets.

Earlier this month, the Christchurch-based company said earnings before interest and tax was $62.5 million to $65.5 million in the year ended July 31, from $63.4 million the year earlier, as a cold snap in July helped generate more sales than anticipated.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Alex Swney Pleads Guilty To $2.5M Fraud Charge

Alex Swney, former chief executive of the Auckland city centre business association Heart of the City, has pleaded guilty to dishonestly using documents to obtain $2.5 million. More>>

ALSO:

Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>

ALSO:

Scoop Business: NZ Broadcasters Launch Battle Against Global Mode ISPs

New Zealand broadcasters have confirmed they’ve launched legal proceedings against internet service providers who give customers’ access to “global mode”, which allows customers access to offshore online content, claiming it breaches the local content providers’ copyright. More>>

ALSO:

Sanford: Closure Of Christchurch Mussel Processing Plant Confirmed

The decision comes after a period of consultation with the 232 staff employed at the Riccarton site, who were told on 9 April that Sanford was considering the future of mussel processing in Christchurch. Recent weather patterns had impacted on natural spat (offspring) supply... More>>

ALSO:

Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>

ALSO:

Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>

ALSO:

Scoop Business: Reserve Bank’s Spencer Calls On Govt To Rethink Housing Tax

The Reserve Bank has urged the government to take another look at a capital gains tax on investment in housing, allow increased high-density development and cut red tape for planning consents to address an over-heated Auckland property market. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news