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Quiksilver appoints Mooney as CEO

HUNTINGTON BEACH, Calif. (AP) -- Quiksilver Inc. said Thursday that it named Andy Mooney president and CEO of the surf and skate clothing and shoe company, succeeding Quiksilver founder Bob McKnight, who became executive chairman. The changes take effect Jan. 11.

McKnight, 59, founded the company in 1976. He helped grow it from a startup to a multinational brand with annual revenue of $2 billion. Quiksilver, based in Huntington Beach, Calif., owns the Quiksilver, Roxy and DC brands.

Mooney, 57, worked most recently as chairman of Disney Consumer Products, overseeing its worldwide licensing, publishing and retail business. Before that he worked for Nike Inc. for 20 years in a variety of leadership positions. Mooney will also join the Quiksilver board as part of his new role.

Shares of Quiksilver jumped 43 cents, or 9.8 percent, to $4.81 in morning trading. The stock has ranged between $2.09 and $4.89 in the past 52 weeks.