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Quiksilver Appoints Andy Mooney President and Chief Executive Officer

  Quiksilver Appoints Andy Mooney President and Chief Executive Officer

Experienced Leader Brings Proven Track Record Building Global Consumer Brands

                    Bob McKnight Named Executive Chairman

Business Wire

HUNTINGTON BEACH, Calif. -- January 3, 2013

Quiksilver, Inc. (NYSE:ZQK) today announced that its Board of Directors has
appointed Andy Mooney as President and Chief Executive Officer, succeeding
Quiksilver’s co-founder Bob McKnight, who has been named Executive Chairman.
Mooney will also join the Quiksilver Board of Directors. All of these changes
will become effective January 11, 2013.

Mooney most recently served as Chairman of Disney Consumer Products (DCP)
overseeing Disney’s worldwide licensing, publishing and retail businesses.
During his 11-year tenure at DCP, he developed and launched highly successful
new ventures, pioneered innovative business models and tripled retail sales to
$36 billion. Prior to that, Mooney spent 20 years at Nike, where he served in
a variety of senior level roles with global responsibility, including Chief
Marketing Officer, Founder of Nike’s equipment business and General Manager of
Nike’s global apparel business.

“Under Bob’s extraordinary vision and leadership, Quiksilver has grown from a
small board short company into a multi-billion dollar global apparel, footwear
and accessory company whose products are distributed in more than 90
countries,” said James G. Ellis, the company’s Presiding Director. “Bob has
made countless contributions to our success, and he has attracted and inspired
the company’s world class athletes, creative and dedicated employees and
highly talented management team. Bob's passion for and commitment to this
business has been, and will continue to be, an integral part of Quiksilver’s
success.”

“We are thrilled and excited to welcome Andy as our next President and CEO,”
added Ellis. “Andy has served in a variety of senior leadership roles with two
of the largest, most recognized and well respected companies in the world. He
is an experienced senior executive with a proven background building consumer
brands, developing worldwide marketing strategies and driving global growth.
Andy is ideally suited to lead Quiksilver into its next phase of growth and
profitability.”

“This is an exciting time for Quiksilver and me personally as we bring in Andy
and his ability to leverage our brands and people with his experience,” said
McKnight. “I am very proud of Quiksilver’s many accomplishments and its three
global iconic brands, industry leading athletes and gifted team of managers
and employees. For the last year, I have worked closely with the Board and a
leading executive search firm to identify the best possible candidate to
succeed me as President and CEO, and I know Andy is the right choice. Working
together, Andy and I will ensure that this transition is seamless for all of
our stakeholders and that the company will continue to execute on its
strategic priorities to deliver long-term shareholder value.”

“I am honored to lead Quiksilver, a company with a stellar reputation, a long,
distinguished history of creativity and innovation and strong customer
relationships,” said Mooney. “Quiksilver has built a valuable portfolio of
global authentic brands. I am enthusiastic and energized about the
opportunities ahead, and look forward to working with the Board, management
team and our employees around the world to continue strengthening our brands,
increasing global sales and driving operational efficiencies to fully realize
Bob’s vision for Quiksilver.”

About Andy Mooney

Andy Mooney, 57, joins Quiksilver following an 11-year career at Disney
Consumer Products, which oversees Disney's worldwide licensing, publishing and
retail businesses. Mooney held the position of Chairman for eight years. While
at Disney, Mooney and his team revolutionized Disney’s licensing business,
re-invented the Disney Stores and opened Disney English Language Learning
Centers in China, creating an exciting new growth opportunity for the company.
Before joining Disney Consumer Products, Mooney worked at Nike, Inc. for 20
years where he held roles of increasing scope and responsibility including
Chief Financial Officer of Nike UK, General Manager of Nike's global apparel
business and Chief Marketing Officer. During his tenure at Nike, Mooney
managed Nike’s footwear and apparel divisions and founded Nike’s equipment
division.

About Bob McKnight

Bob McKnight, 59, co-founded Quiksilver in 1976, has served as President from
1979 through July 1991 and as Chairman and Chief Executive Officer since
August 1991. In February 2008, he was also re-appointed President. Under
McKnight’s leadership, Quiksilver has grown from a startup to a worldwide
corporation with annual revenues of $2 billion. Today, Quiksilver is a
globally diversified, world leader in outdoor lifestyle apparel and footwear,
with three primary brands: Quiksilver, Roxy and DC. Quiksilver has more than
7,500 employees and operates in more than 90 countries with more than 600
retail stores across the globe.

About Quiksilver

Quiksilver, Inc. is one of the world’s leading outdoor sports lifestyle
companies. Quiksilver designs, produces and distributes a diversified mix of
branded apparel, footwear and accessories. The company’s apparel and footwear
brands, inspired by the passion for outdoor action sports, represent a casual
lifestyle for young-minded people who connect with its boardriding culture and
heritage. The company’s Quiksilver, Roxy, DC, Lib Tech and Hawk brands are
synonymous with the heritage and culture of surfing, skateboarding and
snowboarding. The company’s products are sold in more than 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, select department stores and through various
e-commerce channels. Quiksilver’s corporate headquarters are in Huntington
Beach, California.

Contact:

Investors
Quiksilver Inc.
Richard Shields, 714-889-6007
Chief Financial Officer
or
Media
Joele Frank, Wilkinson Brimmer Katcher
Steve Frankel / Blair Fasbender
212-355-4449
 
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