Boardriders Inc., the parent company of both Quiksilver and Billabong has announced its new CEO in the wake of the loss of CEO Pierre Agnes.
Dave Tanner, current Chief Turnaround Officer, will assume the role and responsibilities of CEO effective immediately.
Tanner had been scheduled to become CEO upon closing of the Billabong acquisition later this year.
His appointment to CEO was a leadership transition that Agnes had fostered and strongly supported, and one that was firmly backed by the entire Boardriders leadership team.
Agnes was tragically reported lost at sea last week after his boat washed up on the south coast of France, following a morning fishing trip.
Tanner said while everyone was still reeling from the news, the company would continue to pursue its growth strategy in Anges' honour.
"We are all are grief-stricken over the sudden and tragic loss of our friend Pierre Agnes.
"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.
"While it is impossible to replace Pierre's spirit, we have filled our team with talented and creative professionals who will continue to nurture the company's unique culture, build on our past successes, and deliver on our now even more meaningful collective mission.
"I am humbled and honoured to lead this storied and dynamic company into this next phase and will strive to uphold and foster the principles that have guided Quiksilver, Roxy and DC Shoes over many decades."
French authorities called off the search after extensive efforts to locate Agnes.
Greg Healy will remain Global President and President of APAC.
Additionally, Thomas Chambolle, current Global CFO, will assume the additional responsibilities of Interim President of EMEA effective immediately.
Chambolle has been a very close partner to Pierre in Europe over the last several years and is uniquely qualified to ensure a solid transition in the region.
Boardriders also took the opportunity to reaffirm its commitment to complete the acquisition of Billabong International Ltd.
As previously announced, the acquisition remains subject to a number of customary closing conditions, including shareholder, court and regulatory approvals. The transaction is expected to close in the first half of 2018.