We are sad to report that after suspending the search for Boardriders Inc. (formerly Quiksilver) CEO Pierre Agnes last week when his empty boat washed ashore on a French beach, friends, family and co-workers are beginning to grieve for Agnes, who has been deemed officially lost at sea.

boardriders succession pierre agnes

Quiksilver CEO Pierre Agnes. Photo: Boardriders Inc.

Related: Quiksilver CEO Pierre Agnes Currently Missing at Sea

With that, comes news of Boardriders succession plan, which includes its current Chief Turnaround Officer Dave Tanner being promoted to CEO, effective immediately. In addition, Boardriders current Global Chief Financial Officer Thomas Chambolle will assume the role of interim president of EMEA.

“We are all grief stricken over the sudden and tragic loss of our friend Pierre Agnes,” Tanner said. “At the same time, we are resolute and passionately unified in our commitment to honor Pierre’s memory and extend his legacy by driving the continued resurgence and growth of Boardriders.

“While it is impossible to replace Pierre’s spirit, we have filled our team with talented and creative professionals who will continue to nurture the company’s unique culture, build on our past successes, and deliver on our now even more meaningful collective mission. I am humbled and honored to lead this storied and dynamic company into this next phase and will strive to uphold and foster the principles that have guided Quiksilver, Roxy and DC Shoes over many decades.”

Tanner had been scheduled to become CEO upon closing of the Billabong acquisition later this year. The appointment to CEO was a leadership transition that Agnes had played a part in fostering and strongly supported, according to a Boardriders Inc. statement. The decision is also firmly backed by the entire Boardriders leadership team.

Chambolle has been a close partner to Agnes in Europe over the last several years, which ensures solid transition in the region, according to Boardriders. Greg Healy will remain global president and president of APAC.

Collectively, these veterans have worked side-by-side for the last several years to drive Boardriders turnaround, which saw the company transition from Chapter 11 to double-digit gains.

Boardriders also reaffirmed its commitment to complete the acquisition of Billabong International Ltd. The acquisition remains subject to a number of customary closing conditions, including shareholder, court and regulatory approvals.

The transaction is expected to close in the first half of 2018.

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