Quiksilver Announces Changes To Leadership Team

Quiksilver, Inc.

today announced that the company is taking the next step in its transfer of leadership, which began with the appointment of Andy Mooney as chief executive officer in January 2013. Following a successful handover, Bob McKnight will retire as a senior executive of the company on October 31, 2014, and he will remain a director. The company also said Andy Mooney has been elected chairman and Pierre Agnes has been promoted to president of Quiksilver, Inc., effective November 1, 2014. “I believe now is the ideal time to transition into a non-executive role at Quiksilver. I have absolute confidence in Andy and his entire team, and I look forward to continuing to help guide the company as a member of the board of directors,” said McKnight. “As a significant shareholder, I am fully supportive of Andy's elevation to chairman and delighted with Pierre's appointment as president. They are the perfect combination to lead this company into the future.” “It has been a privilege to work side-by-side with Bob. The opportunity to learn from him has been invaluable and I am grateful that the company will continue to benefit from his involvement as a board member,” said Mooney. “Pierre thoroughly deserves his augmented responsibilities and I look forward to continuing our close partnership.” Andrew Sweet, lead independent director of Quiksilver, said, “On behalf of the board and everyone at Quiksilver, I want to thank Bob for his many years of outstanding commitment and leadership. As a representative of Quiksilver's largest shareholder, I congratulate Andy and Pierre on their expanded roles. We are confident that the Quiksilver management team can significantly increase profitability and shareholder value.”