Quiksilver, Inc. has appointed Joe Scirocco, formerly at Tommy Hilfiger Corp., as its new CFO and David Morgan, formerly EVP of Finance and Operations, has been named its COO. Steve Brink, the former CFO, has decided to resign to pursue other interests, however, he will continue with the company for some time to ensure a smooth transition and to provide consulting services…

In this new capacity, Mr. Morgan will be responsible for developing world-class organization and systems to support growth and improve margins for the Company's global operations.

Mr. Scirocco comes to the Company with a strong background in the apparel industry, having served in various executive capacities for Tommy Hilfiger Corporation from 1997 through 2006, including Chief Financial Officer from 2002 to 2006. Prior to that, he served as an audit partner in the consumer and retail practice of Price Waterhouse LLP from 1990 to 1997. He is a graduate of Yale University.

Robert B. McKnight, Jr., Chairman of the Board and Chief Executive Officer of Quiksilver, Inc., commented, “We are very pleased to have someone of Joe's world-class caliber join our team. Over the past few years our platform has expanded dramatically in both size and complexity. Joe's deep expertise in our industry, and in particular with regard to coordinating a global organization, will serve us well into the future. We believe that Joe will be able to make an immediate and substantial contribution to our continuing efforts to drive further growth and create optimum value for our shareholders.”

Bernard Mariette, the President of the Company, commented, “Since joining us in February of 2006, David Morgan has been a tremendous addition to our management team. David's 15 years of international experience at L'Oreal Group in finance and operations has already proven invaluable to us. We look forward to his further contributions to the growth and success of our Company in his expanded role as Chief Operating Officer.”

“We are excited to welcome Joe into the Quiksilver family,” Mr. Mariette continued. “His broad, international financial experience and proven leadership capability is a great fit with the strategic direction and ongoing development of Quiksilver, Inc. We believe that both of these key management appointments, for Chief Financial and Chief Operating Officer, represent the fulfillment of another critical step in achieving our mission of creating the world's premier outdoor lifestyle company.”

Mr. McKnight and Mr. Mariette continued, “We are deeply grateful to Steve Brink, who has played an integral role in the development and growth of Quiksilver, Inc. over the past 11 years. He leaves a strong team in place and will forever remain a key individual in the history of this company. We wish him all the best for the future.”