A senior executive has stepped down from a retailer battling a $300 million takeover.
Kathmandu COO and finance director Mark Todd has resigned from his position.
Todd will be replaced by CFO Reuben Casey.
Todd occupied the position of acting CEO in fiscal 2015 in anticipation of new CEO Xavier Simonet.
He joined the company in 1998.
Kathmandu is currently fielding a takeover offer from Briscoe Group, which it is urging shareholders to decline.