Billabong director resigns over conflict of interest
15/09/2015
Billabong director Matthew Wilson has resigned due to a “potential conflict of interest”.
US-based investment company Oaktree Capital will now own the majority of Quiksilver, which filed for bankruptcy of its US arm last week. It also has a stake in Billabong.
Analysts have suggested a merger could be on the cards, but Quiksilver’s newly appointed CEO, Greg Healy, said this would not be the case.
“On behalf of my fellow directors I would like to acknowledge and thank Matthew Wilson for
his contribution,” said Billabong chairman Dr Ian Pollard.
“Having joined the board in November 2013, Mr Wilson steps down with Billabong having just reported its first full-year profit in five years.”
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