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Quiksilver appoints Richard Shields as new CFO

Shields brings experience in the apparel industry from his current role at Oakley

By Elaine MurphyPublished: May 02, 2012 01:30 PM

Huntington Beach-based Quiksilver Inc. has selected Richard Shields as its new chief financial officer. Shields, who is experienced in corporate finance and in the apparel field, will handle finance and accounting for the popular surf and sport lifestyle brand.

Shields comes to Quiksilver from Foothill Ranch eyewear and apparel company Oakley Inc., where he has served as CFO since 2005. He has previously held the same position at several other companies, including Southwest Water Company and Day Software Corp. He is a certified public accountant and holds an MBA from the University of Notre Dame.

"I'm excited to join Quiksilver, particularly as the company pursues its plans for increasing revenue and expanding profitability,” said Shields. “I look forward to playing an integral role in the company's drive to improve its financial performance and increase shareowner value as part of the Quiksilver senior management team."

Quiksilver CEO Robert B. McKnight Jr. said, “We’re really pleased to welcome Rich into the Quiksilver family. His extensive corporate financial experience and proven track record in international operations, retail and manufacturing make him an ideal fit for our growing global business. Rich is an accomplished executive who we expect will make an immediate contribution to our pursuit of substantially improved financial performance, especially through our long-term growth initiatives and globalization efforts.”

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