Skip to content Skip to navigation

Market likes new Quik CEO, Mooney salary details

Print Friendly and PDF
  • New Quiksilver CEO Andy Mooney. Photo courtesy of PR Web.


The stock market has embraced Andy Mooney becoming the new CEO of Quiksilver, with several analysts upgrading Quiksilver’s stock after the news.


Quiksilver’s stock price rose nearly 9% in early trading Friday to $4.92.



Both DA Davidson and Goldman Sachs said Mooney’s impressive resume at companies such as Disney and Nike give credibility to Quiksilver’s turnaround story.


DA Davidson reiterated its buy rating and raised the price target to $7 from $5.


Goldman changed its rating to buy from neutral and raised the price target to $6.50 from $4.



Separately, Quiksilver filed details with the SEC about Mooney’s pay package.


Mooney will have a base salary of $1 million per year, and be eligible for a bonus based on hitting designated EBITDA targets. He will also be eligible for the company’s stock incentive plan and will receive a $25,000 hire-on bonus.


Bob McKnight, whose duties will change as he moves from CEO to Executive Chairman, will also have a salary of $1 million per year, according to company filings with the SEC.


More news

Last updated: : 11/22/2017 - 10:29

Why apparel is having "a very exciting moment," according to Urban Outfitters executives

Last updated: : 11/21/2017 - 13:04

CEO Neil Fiske discussed developments at Billabong, RVCA and Element at Billabong's Annual General Meeting and why the company thinks its strategies are working

Last updated: : 11/20/2017 - 09:21

How Vans, Adidas and Converse performed at Foot Locker, plus the many ways Nike and Foot Locker are moving closer together

Last updated: : 11/17/2017 - 11:17

We have details about the Q3 results for industry nemesis Hollister

Last updated: : 11/16/2017 - 11:59

Compared to many competitors, Rip Curl reported solid financial results for the year ended June 30

Last updated: : 11/15/2017 - 09:37

Hurley has opened a 4,000-square-foot store at Pacific City on Pacific Coast Highway

Last updated: : 11/14/2017 - 13:54

The industry customer warned Wall Street Tuesday that earnings would be dramatically lower in 2018 as Dick's makes moves to win the sporting goods retail battle. Plus, the sobering outlook for the retail landscape in Q4.

Last updated: : 11/13/2017 - 09:12

While Mervin has a lot happening in its core snow business, two of the company's most newsy developments are happening in surfboards. We talk to the leadership team about its growing surf business, and about snow strategies.

Last updated: : 11/13/2017 - 08:26

The longtime Sales Director of Core Apparel is no longer with Vans, and he says he did not resign.

Last updated: : 11/10/2017 - 12:24

Many successful industry executives started their careers with Steve O'Connell at Clairemont. We explore how the shop has thrived for more than 40 years and how he attracted great talent to work the retail floor.