Experienced Leader Brings Proven Track Record Building Global
Consumer Brands
Bob McKnight Named Executive Chairman
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Jan. 3, 2013--
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.”
“I am honored to lead Quiksilver, a company with a stellar reputation, a
long, distinguished history of creativity and innovation and strong
customer relationships,” said Mooney. “Quiksilver has built a valuable
portfolio of global authentic brands. I am enthusiastic and energized
about the opportunities ahead, and look forward to working with the
Board, management team and our employees around the world to continue
strengthening our brands, increasing global sales and driving
operational efficiencies to fully realize Bob’s vision for Quiksilver.”
About Andy Mooney
Andy Mooney, 57, joins Quiksilver following an 11-year career at Disney
Consumer Products, which oversees Disney's worldwide licensing,
publishing and retail businesses. Mooney held the position of Chairman
for eight years. While at Disney, Mooney and his team revolutionized
Disney’s licensing business, re-invented the Disney Stores and opened
Disney English Language Learning Centers in China, creating an exciting
new growth opportunity for the company. Before joining Disney Consumer
Products, Mooney worked at Nike, Inc. for 20 years where he held roles
of increasing scope and responsibility including Chief Financial Officer
of Nike UK, General Manager of Nike's global apparel business and Chief
Marketing Officer. During his tenure at Nike, Mooney managed Nike’s
footwear and apparel divisions and founded Nike’s equipment division.
About Bob McKnight
Bob McKnight, 59, co-founded Quiksilver in 1976, has served as President
from 1979 through July 1991 and as Chairman and Chief Executive Officer
since August 1991. In February 2008, he was also re-appointed President.
Under McKnight’s leadership, Quiksilver has grown from a startup to a
worldwide corporation with annual revenues of $2 billion. Today,
Quiksilver is a globally diversified, world leader in outdoor lifestyle
apparel and footwear, with three primary brands: Quiksilver, Roxy and
DC. Quiksilver has more than 7,500 employees and operates in more than
90 countries with more than 600 retail stores across the globe.
About Quiksilver
Quiksilver, Inc. is one of the world’s leading outdoor sports lifestyle
companies. Quiksilver designs, produces and distributes a diversified
mix of branded apparel, footwear and accessories. The company’s apparel
and footwear brands, inspired by the passion for outdoor action sports,
represent a casual lifestyle for young-minded people who connect with
its boardriding culture and heritage. The company’s Quiksilver, Roxy,
DC, Lib Tech and Hawk brands are synonymous with the heritage and
culture of surfing, skateboarding and snowboarding. The company’s
products are sold in more than 90 countries in a wide range of
distribution, including surf shops, skate shops, snow shops, its
proprietary Boardriders Club shops and other company-owned retail
stores, other specialty stores, select department stores and through
various e-commerce channels. Quiksilver’s corporate headquarters are in
Huntington Beach, California.
Source: Quiksilver, Inc.
Investors
Quiksilver Inc.
Richard Shields, 714-889-6007
Chief
Financial Officer
or
Media
Joele Frank, Wilkinson
Brimmer Katcher
Steve Frankel / Blair Fasbender
212-355-4449
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