Boardriders Inc. announced that its chief turnaround officer, David Tanner, has been appointed chief executive of the company, formerly known as Quiksilver.
The move comes as former-CEO, Pierre Agnès, was reported lost at sea. Agnès, 54 years old, set sail on Tuesday, 30 January, 2017, in the morning but did not return.
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Boardriders, which is 85% controlled by US private equity firm Oaktree Capital, issued on Tuesday the following statement:
“We are all grief-stricken over the sudden and tragic loss of our friend Pierre Agnès. At the same time, we are resolute and passionately unified in our commitment to honour Pierre’s memory and extend his legacy by driving the continued resurgence and growth of Boardriders.”
Under Agnes’ direction, Boardriders announced in early January 2018 it would acquire Australian surf giant Billabong International Ltd in a deal that valued the company at $197.7 million.
With the deal set to close in the first half of this year, Agnes was to become president of the company and lead integration efforts, and Tanner was to be the company’s chief executive.
Thomas Chambolle, Boardriders’ global chief financial officer, will be interim president of Boardriders in Europe, the Middle East and Africa, the company announced Tuesday.
Greg Healy will remain global president and president of Boardriders in the Asia Pacific region.
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Boardriders is an action sports and lifestyle company that produces and distributes apparel, footwear and accessories for brands such as Quiksilver, Roxy, and DC Shoes.
Products are sold in more than 110 countries in a wide range of distribution, including surf shops, skate shops, snow shops, Boardriders shops and other company-owned retail stores, as well as specialty stores, department stores and through various online channels.