Quiksilver Shuffles Management Structure

Quiksilver, Inc. (NYSE: ZQK) (www.quiksilver.com) announced today the promotion of Marty Samuels, formerly President of Quiksilver Men’s, America, to President of Quiksilver Americas and of Pierre Agnes, formerly Managing Director, Quiksilver Europe, as President of Quiksilver Europe.

Samuels and Agnes will be responsible for overseeing all aspects of Quiksilver’s operations, finance, sales and marketing organizations in their respective territories. In these newly created positions, Samuels and Agnes join Clive Fitts, President of Quiksilver Asia Pacific, to form the senior global management team which reports to Bernard Mariette, President of Quiksilver, Inc.

Bob McKnight, Chairman of the Board and Chief Executive Officer of Quiksilver, Inc. commented, “There is no question that Quiksilver’s greatest strength has always been the depth and talent of our people. Marty and Pierre have proven themselves to be world-class operators and managers and we are incredibly pleased to give them a level of responsibility commensurate with their ability. We know we can expect great things from each of them. We are confident that this new management structure will enable us to better pursue the tremendous opportunities we have to grow and further our position as the world’s leading outdoor sports lifestyle company.”

Bernard Mariette, President of Quiksilver Inc., commented, “Streamlining our management structure will give us several substantial benefits. Most importantly, it creates a tight group of like-minded managers who understand the global vision toward which we are working. Marty, Pierre, and Clive all have tremendous passion for the business and our brands and are exceptional leaders. Importantly, they are all supported by incredible teams in each territory. This new structure will also enable our executive management team to focus more intently on the proper integration of the Rossignol Group into our corporate structure and on other global projects that will leverage each of our operating divisions to create synergy, economies of scale, and to maximize our opportunities for growth across the entire organization.”