Quiksilver adds Franck Riboud to its Board of Directors

By

Obi Anyanwu

Published
Nov 1, 2016

Quiksilver on Tuesday announced the appointment of Franck Riboud to its Board of Directors. Riboud will serve as independent director, effective immediately.

 
Franck Riboud, the Chairman of the Board of Directors for Danone, currently serves on the board of Renault, Rolex and Bagley Latinoamerica. He joined Danone in 1981 and held numerous leadership positions before being named Chairman and CEO in 1996. He stepped down as CEO in 2014. The addition of Riboud to the Quiksilver Board of Directors expands the board from four members to five members.
 
Riboud also serves many professional foundations and associations including the Board of the Livelihoods Fund for Family Farming and the Steering Committee of the Livelihoods Fund.

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Quiksilver has spent most of 2016 restructuring. The US courts approved the company’s restructuring plan that included an exit out of bankruptcy, store closures and a reorganisation of the its distribution network. The company filed for bankruptcy in September 2015 and was bailed out for $175 million by Oaktree Capital Management, which still owns Quiksilver, and Bank of America.