Quiksilver Pres. Bernard Mariette Resigns

HUNTINGTON BEACH, Calif. – Quiksilver’s president and company director Bernard Mariette resigned this week amid rumors about his intention to lead an acquisition of the Rossignol group, the company’s winter sports brand. Mariette, who has been with Quiksilver for 15 years and president for seven, will stay with the company as an advisor for one year. CEO Robert McKnight will step in again as president.

Quiksilver has been looking for a way to get out of the weakening winter sports business, and hired J.P. Morgan to help that end.

“We will focus our attention on our Quiksilver, Roxy and DC businesses, both to continue their healthy growth and to improve their operating results,” said McKnight in a statement. “At the same time, we will seek to further reduce our exposure to the winter sports equipment businesses we acquired in 2005, including pursuing a sale of the businesses and we will work to improve our balance sheet. As we move forward, our entire organization is deeply committed to executing this plan.”

Quiksilver’s brands include Quiksilver, Roxy, DC and Hawk. The Rossignol winter sports equipment brands include Rossignol, Dynastar, Lange, and Look for the ski market and Rossignol, Dynastar, DC, Roxy, Lib Technologies, Gnu and Bent Metal for the snowboard market.

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