Following the disappearance last week of its long-time chief executive, Pierre Agnès, Boardriders announced that Dave Tanner, the current chief turnaround officer of the group, will assume the role and responsibilities of chief executive immediately. He had already been scheduled to become CEO upon closing of the company's acquisition of Billabong International later this year.

The company, which was previously called Quiksilver, stated that Tanner's appointment had been fostered and strongly supported by Agnès, and that it is firmly backed by Boardriders' entire leadership team. Furthermore, Thomas Chambolle, Boardriders' current global chief financial officer, will assume the additional responsibility of interim president operations in Europe, the Middle East and Asia, effective immediately, while Greg Healy will remain global president and president for Asia-Pacific. Boardriders said these veterans have worked side-by-side for the last several years to drive the group's successful turnaround and will take it to the next phase of its development.

Boardriders also reaffirmed its commitment to complete the acquisition of Billabong, which 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. Boardriders already owns the Quiksilver, Roxy, and DC Shoes brands, with products sold in more than 110 countries in a wide variety of stores.

Pierre Agnès has been lost at sea since Jan. 30, and Boardriders has confirmed that the search and rescue efforts were not successful in locating him. He had spent the past 30 years, his entire professional career, developing Quiksilver and Boardriders. After leading the French surf team in the 1980s, he entered the industry in 1992 by launching Omareef, a producer of surf glasses and watches that was bought by Quiksilver after he joined that company in 1997. An accomplished team leader, he became European president of Quiksilver in 2005 after working in the design and markting departments.

The company gave him credit for helping to build Quiksilver into an industry leader. An estimated 1,000 people, including Kelly Slater, the surf champion, paid homage to Agnès yesterday in front of a church facing the ocean at Capbreton, where he was born 54 years ago. Boardriders will host several memorials around the world to celebrate Agnès' life and his many accomplishments.