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TheStreet Open House

Quiksilver Appoints Andy Mooney President And Chief Executive Officer

Stocks in this article: ZQK

Quiksilver, Inc. (NYSE:ZQK) today announced that its Board of Directors has appointed Andy Mooney as President and Chief Executive Officer, succeeding Quiksilver’s co-founder Bob McKnight, who has been named Executive Chairman. Mooney will also join the Quiksilver Board of Directors. All of these changes will become effective January 11, 2013.

Mooney most recently served as Chairman of Disney Consumer Products (DCP) overseeing Disney’s worldwide licensing, publishing and retail businesses. During his 11-year tenure at DCP, he developed and launched highly successful new ventures, pioneered innovative business models and tripled retail sales to $36 billion. Prior to that, Mooney spent 20 years at Nike, where he served in a variety of senior level roles with global responsibility, including Chief Marketing Officer, Founder of Nike’s equipment business and General Manager of Nike’s global apparel business.

“Under Bob’s extraordinary vision and leadership, Quiksilver has grown from a small board short company into a multi-billion dollar global apparel, footwear and accessory company whose products are distributed in more than 90 countries,” said James G. Ellis, the company’s Presiding Director. “Bob has made countless contributions to our success, and he has attracted and inspired the company’s world class athletes, creative and dedicated employees and highly talented management team. Bob's passion for and commitment to this business has been, and will continue to be, an integral part of Quiksilver’s success.”

“We are thrilled and excited to welcome Andy as our next President and CEO,” added Ellis. “Andy has served in a variety of senior leadership roles with two of the largest, most recognized and well respected companies in the world. He is an experienced senior executive with a proven background building consumer brands, developing worldwide marketing strategies and driving global growth. Andy is ideally suited to lead Quiksilver into its next phase of growth and profitability.”

“This is an exciting time for Quiksilver and me personally as we bring in Andy and his ability to leverage our brands and people with his experience,” said McKnight. “I am very proud of Quiksilver’s many accomplishments and its three global iconic brands, industry leading athletes and gifted team of managers and employees. For the last year, I have worked closely with the Board and a leading executive search firm to identify the best possible candidate to succeed me as President and CEO, and I know Andy is the right choice. Working together, Andy and I will ensure that this transition is seamless for all of our stakeholders and that the company will continue to execute on its strategic priorities to deliver long-term shareholder value.”

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