Calling Billabong’s last year a “blown-out” session would be an understatement. The company has sold off a piece of itself, turned down a good buy-out offer, lost an OK buy-out offer (along with two others), and now is considering another from Billabong America’s Paul Naude.
It’s not exactly the best time for the companies CFO to quit, but that’s what happened last night (December 19, 2012) according to a company update.
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 endeavours.
In the meantime Peter Bryant, the America’s CFO, will apparently fill in for the global brand while they hunt for a suitable replacement. The release mentioned to reason for White’s sudden departure.