Insights

Why the Kathmandu (ASX:KMD) share price will be on watch today

The company announced a major leadership change.
The post Why the Kathmandu (ASX:KMD) share price will be on watch today appeared first on The Motley Fool Australia. –

The Kathmandu Holdings Ltd (ASX: KMD) share price will be one to lookout for on Friday morning. This comes after the adventure retailer announced a new head for its Rip Curl brand.

After yesterday’s market close, Kathmandu shares sitting at $1.31.

Kathmandu appoints new CEO

In a statement to the ASX, Kathmandu advised Brooke Farris will take on the position of CEO for Rip Curl.

Following a thorough search process involving internal and external candidates, Ms Farris was selected due to her strong track record.

Ms Farris began working for Rip Curl in 2010, where she held a number of various roles. This included running Rip Curl surf events across the globe, executing marketing strategies as the ANZ marketing manager, and more.

Most notably, Ms Farris took on the role of general manager of digital, which led to strong sales growth online.

Ms Farris will assume the Rip Curl CEO position effective from next Monday 16 August 2021.

Kathmandu group CEO and managing director, Michael Daly said:

Brooke has contributed greatly to Rip Curl’s success and growth over the past 11 years with her indisputable commitment to the brand, our product, and our crew. I am confident she will bring this same commitment and leadership in her new role.

Incoming Rip Curl CEO, Brooke Farris commented:

Rip Curl has been threaded throughout my life since I was a teen. I’m honoured to be announced as the new CEO. It’s an absolute privilege to lead our talented and passionate crew across the world and I’m motivated to build on our esteemed 52-year history and capitalise on our continued market success.

About the Kathmandu share price

Since the start of June, Kathmandu shares have been on a continuing decline, down around 15%. However, when looking further back, the company’s share price is up 11% year to date.

Kathmandu presides a market capitalisation of roughly $928.8 million, with approximately 709 million shares on its books.

The post Why the Kathmandu (ASX:KMD) share price will be on watch today appeared first on The Motley Fool Australia.

Should you invest $1,000 in Kathmandu right now?

Before you consider Kathmandu, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Kathmandu wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of May 24th 2021

More reading

Baby Bunting (ASX:BBN) share price crashes 10% lower on FY 2021 results
Why Tesla stock edged higher on Thursday

Bank of Queensland (ASX:BOQ) share price on watch after ‘unfair’ loans finding
Its been a great week for the ANZ (ASX:ANZ) share price so far
Why the Xero (ASX:XRO) share price has climbed 5% in a month

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!