Helped guide the company through global financial restructuring
Plans to remain with the company to enable a smooth transition
Quiksilver Inc. (NYSE:ZQK) today announced that Joe Scirocco, the
company's corporate Chief Financial Officer, has decided to leave the
company to pursue other interests. Scirocco, who has served as CFO of
Quiksilver, Inc. since April 2007, plans to continue in his current role
for a period of time while the company performs a search for his
replacement and to enable a smooth transition.
Robert B. McKnight, Jr., Chairman of the Board, Chief Executive Officer
and President of Quiksilver Inc., commented, "Joe came to Quiksilver at
a time in his life when he was looking for a new challenge and he
inherited an extremely difficult financial situation. This period
coincided with the onset of the global financial crisis and our pressing
need to refinance our business. Joe helped lead us through this process
and put the company on the solid financial footing we enjoy today. Joe
recently decided to take this opportunity to look for the next challenge
in his career and, with mixed emotions, we support him in this effort.
Joe continues to believe deeply in Quiksilver's ambitions and he will
always be a part of the Quiksilver family. We want to wish Joe the best
of luck in his future endeavors and thank him for his many contributions
to our success."
The company also announced that it remains on track to deliver on its
long-term objectives to substantially increase its revenues and profits,
consistent with its most recent earnings announcement on December 15,
2011. Additionally, the company plans to present at next week's 14th
Annual ICR XChange Investor Conference in Miami Beach, FL. Quiksilver's
presentation will be webcast live at 1:35pm Eastern Time on Thursday,
January 12, 2012, and a link to the webcast will be available at www.quiksilverinc.com.
Quiksilver Inc. (NYSE:ZQK) is the world's leading outdoor sports
lifestyle company, which designs, produces and distributes a diversified
mix of branded apparel, footwear, accessories, snowboards and related
products. The company's apparel and footwear brands represent a casual
lifestyle for young-minded people that connect with its boardriding
culture and heritage.
The reputation of Quiksilver's brands is based on outdoor action sports.
The company's Quiksilver, Roxy, DC, Lib Tech and Hawk brands are
synonymous with the heritage and culture of surfing, skateboarding and
The company's products are sold in over 90 countries in a wide range of
distribution, including surf shops, skate shops, snow shops, its
proprietary Boardriders Club shops and other company-owned retail
stores, other specialty stores and select department stores.
Quiksilver's corporate and Americas' headquarters are in Huntington
Beach, California, while its European headquarters are in St. Jean de
Luz, France, and its Asia/Pacific headquarters are in Torquay, Australia.
Forward Looking Statements:
This press release contains forward-looking statements including but
not limited to statements regarding the company's growth initiatives,
profitability and other future activities. These forward-looking
statements are subject to risks and uncertainties, and actual results
may differ materially. Please refer to Quiksilver's SEC filings
for more information on the risk factors that could cause actual results
to differ materially from expectations, specifically the sections titled
"Risk Factors" and "Forward-Looking Statements" in Quiksilver's Annual
Report on Form 10-K and Quarterly Reports on Form 10-Q.
NOTE: For further information about Quiksilver Inc., you are
invited to take a look at our world at www.quiksilver.com,
Vice President, Investor Relations