It likely wasn’t quick enough for some, but it appears that Andy Mooney’s two year run in the Quiksilver CEO position is over. In a release today, Quiksilver said that Mooney is “no longer with the company.”
At first it seemed the street thought the losses were part of the pain of Mooney’s restructuring (with some help from a down market). By Halloween 2013 the stock was up to $8.11 on the promise that Mooney was pointed the right direction. But by June 2, 2014 it was obvious things weren’t going well and the stock began taking hit after hit until that ultimately left it at $2.25 at the close today (March 27, 2015).
Today’s after-hours dip of 15 percent (down to $1.90) may suggest some aren’t happy about today’s news either, but the Quiksilver board has a plan. It looks a little like this:
. . . Pierre Agnes, President of Quiksilver, Inc., has been promoted to Chief Executive Officer and added to the Board of Directors; he succeeds Andy Mooney who is no longer with the company. In addition, Greg Healy, Quiksilver’s APAC Region President, has been promoted to President of Quiksilver, Inc., and Bob McKnight has been appointed Chairman. All changes are effective today. . . “The board has great confidence in Pierre’s ability and skills to lead our company. His primary focus will be on improving operational execution and efficiencies, and identifying growth opportunities, especially in the U.S. wholesale channel.”
With no snow in their Pacific Northwest homeland Blair Habenicht, Matt Edgers, Temple Cummins, and their crew took off for the land of the rising sun where the snow was stacking in like twigs in a bird’s nest or something like that.
Let The Bird Fly. A motto embodied by a transient spirit, whose sideways sliding migrations, often rolled into motion on an empty gas tank in a limping VW van, inspired this project. . . We flow as one.
If you can’t make it to Phoenix, Arizona this weekend (March 28-29, 2015) for the 14th Annual PHXAMbrought to you by Cowtown and Vans, then do the next best thing: watch it live online. Some who watch might even win something thanks to a clever online promotion.
Sign up now for the PHXAM “Watch and Win” contest for your chance to win a hefty prize pack from Vans and PHXAM sponsors. Winners will be announced during the Webcast. Cowtown’s 14th annual PHXAM presented by Vans will be webcast live beginning at 11AM PST on Sunday, March 29 on phxam.com and on your mobile device via the Vans Live app, where you can watch all of Vans’ live Webcasts.
Some investors (Malone Family Superannuation Fund) who lost money when Billabong shares tanked in 2012 are now suing the company saying Billabong breached “its disclosure obligations,” according to a Reuters story.
The fund bought just under A$30,000 ($23,466) worth of Billabong shares at an average of A$4.35 per share in November 2011, the statement from the legal firm added. The shares later fell following a series of earnings downgrades. . . If Billabong had been more forthright, the fund “would either have bought Billabong securities at a price which had not been artificially inflated or they would have acquired securities in another listed entity instead”, the statement added.
Not surprisingly Billabong disagrees and says it will “vigorously defend” itself.
Consisting of five floors, the majority of the residence has a huge glass facade and a large terrace, making the most of the stunning views, while the guesthouse on the lower level has been embedded deeper in the rock to allow for as much privacy as possible. On the mountain side of the building, which receives very little light, windows have still been added to remind the inhabitants of their close relationship with this harsh environment. Upstairs, a green roof has been added to enable to structure to better blend into the landscape.
So, exactly which “professional snowboarder” had this house built ten years ago? Appears it’s Marc Morisset! (thanks, commenters!) For more photos, click the link.
Nothing like a fast new car and a couple good waves to get the blood pumping in the morning. Highsnobiety, Mercedes, and Marlon Lipke get together to make it all work. This edit is another reminder, however, that each time we see a Mercedes it makes us want to test drive a Tesla. . . is that weird?
Rob Dyrdek is taking the Street League Skateboarding message into all the world for 2015 with a “pro open” scheduled for Barcelona, Spain May 16-17, 2015.
Following the SLS Nike SB Pro Open in Barcelona, the 2015 SLS Nike SB World Tour officially kicks off in Los Angeles, CA, moving on to New York City neighbor Newark, NJ, then on to Chicago, IL. The season’s first arena stop will return to skateboarding’s hometown of Los Angeles, where in 2014 SLS saw its first ever sold-out crowd. Also a first in League history, SLS will bring the full 25-Pro League roster out to the East Coast where traditionally fans there have witnessed only the Top 8 Pros battle it out in the SLS Nike SB Super Crown World Championship. In 2015, the SLS Nike SB Super Crown World Championship will now be held in the America’s heartland in Chicago, IL, bridging the East and West Coast skate scenes.
For the official word from Street League, including dates, locations, and TV broadcast schedule, please follow the jump. [click to continue…]
The Going Off Grid show host Laura Ling gets a tour of Mikey Basich’s Area 241 house on 40 acres near Northern California’s Donner Summit. It’s a great look into living right. To bed with the sun, up with the sun. Man, brother Mikey!
Snowboarder Kjersti Buaas has some new gear up and protecting her eyeballs. Yep, she’s reportedly now on the Zeal Optic program.
Growing up in Norway, Kjersti was on skis before most of us began walking. Starting at age one, Kjersti was born to be on the snow. At age 12, she tried snowboarding for the first time, and was instantly hooked. “My passion for snowboarding started at age 12, when I tried it for the first time and absolutely fell in love. Since then, I have had this never ending motivation to learn and express myself as much on my board as I possible can, whether it’s a trick in the park or if it’s just a lofty air into powder” says Kjersti.
After watching Luan Oliveira over-kill the 2015 Tampa Pro we’re seriously wondering if there will ever be a better display of technical contest skateboarding, ever. Not only did Oliveira hit every single thing he tried in his final runs, he kept going long after his time was up with five or six more makes before a miss. In fact, in his winning run he went 20 tricks deep before a falter. It was mind-blowing.
Sure, Nyjah Huston, who finished in second, gave it a solid go with his practiced precision, but Oliveira’s threw everything he had at it and he didn’t miss. Watch the video and you’ll see. For the complete results, follow the jump. [click to continue…]