Business & Economy

Quiksilver names former Disney Consumer Products chairman as CEO


Sports clothing manufacturer Quiksilver Inc. named the former head of Disney consumer products as its new chief executive.

Andy Mooney, past chairman of Disney Consumer Products, will become Quiksilver’s CEO and president on Jan. 11. He joins Quiksilver as the Huntington Beach-based company has struggled to achieve annual profits in recent years.

Mooney, who quit his job at Disney in 2011, led that company’s licensing, retail and publishing businesses for 11 years. Under his watch, retail sales tripled to $36 billion. He has also held senior leadership roles at Nike.

“Andy is ideally suited to lead Quiksilver into its next phase of growth and profitability,” said James Ellis, Quiksilver’s presiding director.

Ellis said Mooney has a “proven background” in building consumer brands, developing  marketing strategies and driving global growth.

Quiksilver sells sporty clothing for activities like snowboarding and surfing. It's reported annual net losses in recent years. The company reported a $10.8 million net loss in its 2012 fiscal year, ending Oct. 31. That’s compared to a $21.3 million net loss the year before.

Sales picked up 3 percent in its 2012 fiscal year to $2 billion.

The company’s current CEO, Bob McKnight will become executive chairman. McKnight co-founded the company.

Quiksilver stock was trading at $4.89, up 36 cents on Friday.