Quiksilver CEO, CFO leave company

Huntington Beach, Calif. -- Quiksilver announced that its CEO, Andy Mooney, has resigned. Mooney had been CEO for just over two years and was appointed chairman in November. The company’s CFO, Richard Shields, has also resigned. The news comes almost two weeks after the company reduced guidance for the current year and finished an investigation into its revenue-accounting practices.



Pierre Agnes, president of Quiksilver and a 27-year-company veteran, has been promoted to CEO and added to the board of directors.



In addition, Greg Healy, Quiksilver’s APAC region president, has been promoted to president of the company, and Bob McKnight has been appointed chairman. All changes are effective March 27.



“On behalf of the board, I want to thank Andy Mooney for his leadership in driving the organizational changes that were essential to restoring our product design leadership and globalizing many of our key functions,” said Bob McKnight, founder and chairman of Quiksilver This work provides the foundation for the next phase of Quiksilver’s progress.”



Succeeding Richard Shields as CFO is Thomas Chambolle, Quiksilver’s EMEA region CFO. His appointment is effective April 3. Shield, who has resigned to pursue other opportunities, has agreed to serve as a consultant to the company and resource to Chambolle.