James Strong, 64, the chariman of the board at Rip Curl resigned from the board on November 20, 2008 but the company only just told the Australian Securities and Investments Commission on Friday, according to a story in the Sydney Morning Herald.
He will remain on the boards of Woolworths and Insurance Australia Group – he is chairman of both – and Qantas. He also plans to keep his small stake in Rip Curl. . . .His decision to step down from the Victorian company comes amid turbulent times for surfwear retailers. Billabong is suffering from a slowdown in global sales, and some US analysts say Quiksilver may have to put itself up for sale because of its hefty debt load.
[Link: Sydney Morning Herald]
