Billabong’s US head steps down to ‘surf more’

11/01/2016
The head of Billabong’s US business, Ed Leasure, is to retire after nine years with the company.

“After getting into the business to surf more, I’m now stepping back from the business to surf more,” he said. “Billabong is in good hands and we now have the best team on the field. Knowing this has made my decision a little easier, and I feel very fortunate to have been part of such a great organisation.”

“On accepting the role as Billabong CEO in 2013, I asked Ed to take on the challenge of rebuilding our Americas team and operations after a period of significant organisational turmoil and he’s done a terrific job,” said Billabong CEO Neil Fiske.

Mr. Leasure began making surfboards with his brother in their Cocoa Beach garage in Florida, before opening a chain of surf stores in 1979. He joined Billabong in 2008 following the acquisition of his Quiet Flight stores and has since held a range of senior roles within the group.

In August 2015, Billabong has posted its first annual profit in four years, after an extensive cost-cutting and restructuring exercise began to bear fruit.