Market Alert: Strong Nuclear Tensions in South Asia Assessing the Fallout on Global Equity Markets

KMD Brands Appoints Brent Scrimshaw as New Group CEO After Michael Dalys Resignation

Oct 02, 2024

KMD Brands Ltd (ASX: KMD) has announced the appointment of Brent Scrimshaw as the new Group Chief Executive following the resignation of Michael Daly, effective since May 2021. The company, known for its outdoor clothing retail, disclosed Daly’s departure to the New Zealand Exchange (NZX) on Wednesday. Scrimshaw, who has been a director at KMD Brands since 2017, brings leadership experience from his tenure as global CEO of marketing services company Enero (ASX-listed) since 2020. This leadership change occurs just one week after KMD Brands reported its 2024 earnings, which saw an 11% decline in sales. At the time of writing, the company is positioning itself for a fresh strategic direction under Scrimshaw’s guidance.

 

 

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com