Kathmandu Holdings has announced that Michael Daly will take up the role of group CEO and MD following Xavier Simonet's resignation.
Daly has been leading Rip Curl as its CEO for eight years but has served a total of 19 years at the surfwear brand, across various senior roles such as COO and CFO.
"This is an exciting next step for me," Daly said of his appointment.
"The Group has a portfolio of outstanding brands in Kathmandu, Rip Curl and Oboz and I am looking forward to leading three great teams as we work together to grow and develop the Group," he said.
Daly will take up his new position immediately while a recruitment process to appoint his successor at Rip Curl gets underway.
"After an extensive international search, I am delighted to announce that Michael Daly will be the new Group CEO of Kathmandu Holdings," Kathmandu Holdings chairman David Kirk added.
"Michael has led Rip Curl for eight years with a relentless focus on brand, product, people and the bottom line and we are confident he will bring the same focus and energy to the wider Group," he said.
Daly's appointment comes as flagship brand Kathmandu reveals its new brand direction and strategy to target the new generation of customers.
Previous Kathmandu Holdings CEO Xavier Simonet's last day at the company was on April 09 2021.
He now leads public sector organisation Austrade as its CEO.