Billabong CFO Leaves Company

Following news of a purchase proposal from former Chariman of the Board Paul Naude, Billabong announced today that its Chief Financial Officer Craig White is leaving the company after seven years of serving in the role. Here’s the official statement from Billabong:

GOLD COAST, 20 December, 2012: Billabong International Limited (Billabong or Company) advises that after seven years' service with the Company, Craig White, Chief Financial Officer has left the organisation effective today.

The Company would like to thank Craig for his service and wishes him well in his future endeavors.

Peter Bryant, the Company's Chief Financial Officer, Americas, has been appointed to the role on an interim basis whilst an international search for a permanent replacement is undertaken. Billabong will shortly implement a new organizational and reporting structure as part of its transformation strategy.