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Quiksilver said today in an SEC filing that Craig Stevenson, the COO of Quiksilver Inc. and the Global Brand President for the Quiksilver brand, is leaving the company.
Craig will continue to hold those titles until Oct. 31. However, his duties as COO were recently reallocated among other executives, including new CEO Andy Mooney, according to the filing.
Pierre Agnes, head of Quiksilver Europe, and Craig Stevenson at the French party at the Quiksilver NYC Pro in 2011. Shop-eat-surf file photo.
From now until Oct. 31, Craig will focus on transitioning his responsibilities, and will continue to receive his base salary and other benefits during that time.
After that, Craig will receive an AUD $712,500 severance payment payable over 18 months and other benefits.
I asked Quiksilver for comment about Craig’s departure earlier in the week and the company declined to speak about his departure at that time.
From everything I have heard over the years, Craig is very respected internally. He has spent most of his career in Australia, but served as President of Quiksilver Americas for about two years.
Here is the chronology of his career at Quiksilver from company filings:
Fernando Aguerre and Craig Stevenson at the Quiksilver Shareholder's Meeting in 2011. Shop-eat-surf file photo.
“Mr. Stevenson has served as our Chief Operating Officer and Global Brand President since November 2011. Mr. Stevenson was also our President – Quiksilver Americas from January 2009 until November 2011 and “Quiksilver” Global Brand Manager between April 2007 and January 2010.
"Mr. Stevenson previously served as President – Quiksilver South Pacific and Managing Director for Quiksilver Australasia between 2002 and 2007. Prior to that, he served as our Marketing and Sales Manager in Australia from 1999 to 2002, and as our National Sales Manager in Australia between 1992 and 1999.”
Other senior executives have departed Quiksilver of late including EVP Steve Tully, Quiksilver Americas GM Steve Wilson, VP of Young Men’s Sales Dave Rosenberger and Jeff Wilson, Vice President of Sustainability Programs.