Executive changes announced in Quik's European division

Quiksilver Europe said today that Sébastien Loux, vice president finance and operations, has resigned to pursue other interests. Loux worked for Quiksilver for 15 years.

He will be replaced by Pierre Boccon-Liaudet as Chief Financial Officer and José Cledera as Chief Operations Officer. They will be reporting directly to Pierre Agnes, President of Quiksilver Europe and on a functional level to Joe Scirocco, Group CFO/COO.

Pierre Boccon-Liaudet, 40, will be responsible for all Europe's finance functions, customer service and sales administration. Pierre joined Quiksilver Europe in May 2005 as Finance Director. Prior to joining Quiksilver, Pierre held various financial positions at KPMG and Schlumberger in Europe and Asia.

José Cledera, 46, will have the responsibility for all Europe operations functions and IT. José joined Quiksilver Europe in May 2007 as IT Director. Prior to joining Quiksilver, José held several management positions in IT and manufacturing at Motorola and Freescale in Europe.

A Quiksilver spokesman declined to comment beyond the press release.