Rip Curl’s Michael Daly appointed to top job at Kathmandu

RIP Curl’s chief executive officer Michael Daly has a new job at the top of parent company Kathmandu.

Yesterday (Wednesday, May 19), Kathmandu Holdings Limited announced Mr Daly was its new group chief executive officer and managing director, effective immediately, following the resignation of Xavier Simonet.

“This is an exciting next step for me,” Mr Daly said.

“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.”

Mr Daly said he would continue to be based out of Torquay – where Rip Curl has its headquarters – for “at least a couple of days a week”, and that he and his family and would remain local residents.

Rip Curl is now looking for a new CEO. Mr Daly said the internal process to find someone to run the surfwear, clothing and watch brand on a day-to-day basis had started, and Rip Curl was hopeful of making an announcement over the next month.

Chair of Kathmandu Holdings David Kirk, said Mr Daly’s appointment followed an extensive international search.

“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.”

Australia and New Zealand based outdoor specialists Kathmandu acquired Rip Curl in late 2019.