'The company's costs remained under control, overheads falling as a percentage of sales. Cash flow remains strong, and the company has no debt.'
Mr Robert Critchley, chairman of Noni B, announced the appointment of James Kindl and David Kindl as joint managing directors of the company with effect from 31 March 2008. They will be supported by an executive committee which, in addition to the joint managing directors, will consist of Simon Der Stepanian, who has been promoted to director of finance and administration, and three new general managers: Rhonda Kilpatrick, responsible for Noni B and Liz Jordan buying and marketing; Robyn Ireland, responsible for national retail operations; and Phillip Fikkers, responsible for human resource services.
The three general managers will report to James Kindl, and David Kindl will retain his present responsibility for La Voca, group property activities, group branding and investor relations. Simon Der Stepanian will report to the board.