Pumpkin Patch's chief executive Maurice Prendergast has announced he has resigned and will leave the company at the end of the year.
He will be succeeded by the company's chief operating officer Neil Cowie.
The announcement came as the company announced today its annual net profit had plunged by 50 per cent to $12.6 million.
Prendergast said the results were disappointing, but reflected a challenging retail environment, amid escalating cotton prices.
"Events such as the Christchurch earthquakes, the Queensland floods, and political unrest in the MIddle East added to these challenges," he said.
