Press Release:
Huntington Beach, California, May 16, 2011–Quiksilver, Inc. (NYSE: ZQK) today announced that Joseph F. Berardino has been appointed to the Quiksilver Board of Directors effective immediately.
Mr. Berardino brings with him more than three decades of executive leadership and board service experience. He is currently a Managing Director within the Business Consulting Practice of Alvarez & Marsal, a leading independent global professional services firm.
Prior to joining Alvarez & Marsal in 2008, Mr. Berardino was Chairman of the Board and Chief Executive Officer of Profectus BioSciences, a biotechnology company, after having served as Vice-Chairman of Sciens Capital Management, a global diversified alternative investment management firm.
Prior to his tenure at Sciens, Mr. Berardino served as Chief Executive Officer of Andersen Worldwide, a global accounting and consulting firm. Mr. Berardino serves on the Board of Trustees for Fairfield University and has served on the Board of Directors of Value Vision Media (ShopNBC) since 2008.
Mr. Berardino has lectured extensively on corporate governance, leadership and ethics before senior corporate executives and college campuses.
Robert B. McKnight, Jr., Chairman of the Board, President and Chief Executive Officer of Quiksilver, Inc., commented, “We are very pleased to welcome Joe to our Board of Directors and we look forward to the important contributions he will make to the future success of Quiksilver. Joe’s expertise and insight in the fields of accounting and finance and his strong commitment to corporate governance make him an excellent addition to Quiksilver’s Board of Directors.”
Mr. Berardino remarked: “Quiksilver is the premier action sports lifestyle company in the world and I am excited to become part of this dynamic organization. I look forward to working with Bob and the Board to further improve shareholder value, particularly as the company embarks on its compelling 5-year plan to aggressively grow its global business and dramatically improve profitability.”
About Quiksilver
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 snowboarding.
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.
