Quiksilver, Inc. announced that Pierre Agnes, president of Quiksilver,
Inc., has been promoted to chief executive officer and added to the
board of directors. He succeeds Andy Mooney, who is no longer with the
company. In addition, Greg Healy, Quiksilver’s APAC region president,
has been promoted to president of Quiksilver, Inc., and Bob McKnight has
been appointed chairman.

McKnight, founder and chairman of
Quiksilver, Inc., said, “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. This work provides the foundation
for the next phase of Quiksilver’s progress.

“The board has
great confidence in Pierre’s ability and skills to lead our company. His
primary focus will be on improving operational execution and
efficiencies, and identifying growth opportunities, especially in the
U.S. wholesale channel.”

Agnes has worked for Quiksilver for 27
years. In November 2014, he was promoted to president of Quiksilver,
Inc. He previously served as global head of apparel for Quiksilver, Roxy
and DC. Since 2005 Pierre served as president of Quiksilver Europe.

Healy,
a CPA, joined Quiksilver’s finance team in 1998. In 2002, he assumed
the dual responsibility of chief financial officer and chief operating
officer of Quiksilver’s Asia Pacific (APAC) Region. In 2010, Healy was
named APAC president, following a promotion to CEO of Australasia in
2009. Healy will be based in Huntington Beach, CA.

The company
also announced that Thomas Chambolle, Quiksilver’s EMEA Region chief
financial officer, will be promoted to chief financial officer of
Quiksilver, Inc. effective April 3, 2015. He succeeds Richard Shields,
who has resigned to pursue other opportunities. Shields has agreed to
serve as a consultant to the company and resource to Chambolle.

McKnight
continued, “We appreciate Richard's contributions, including pushing
our cost reduction program, refinancing of the company’s senior notes
and reducing inventory levels. I thank him for agreeing to assist Thomas
during this transition.

“Thomas has done an outstanding job
leading our EMEA Region finance team. He is well suited to take over the
CFO position, and we are confident that he will hit the ground
running.”

Thomas Chambolle joined Quiksilver as EMEA Region CFO
in 2013. Previously, Thomas was a managing partner at Ricol Lasteyrie, a
financial advisory consulting firm in France, since 2010. Prior to
that, he worked with French government agencies supporting businesses
impacted by the global credit crisis, and previously worked as CFO of
the spare parts division of Peugeot Citroen, a division of more than
5,000 employees with €4 billion of revenues.

Quiksilver, Inc. owns the Quiksilver, Roxy, and DC brands.