Boardriders Inc., a leading global action sports and lifestyle company that 
designs, produces, and distributes branded apparel, footwear, and accessories 
under the Quiksilver, Billabong, ROXY, DC Shoes, RVCA, Element, and VonZipper 
brands announced today that Arne Arens will be joining the company as incoming 
Chief Executive Officer, effective March 1. Arens will be taking the leadership 
baton from current CEO Dave Tanner who will remain on the Company's Board of 
Directors. Tanner and Arens will work closely together to ensure a smooth 
transition.

Logo -  https://mma.prnewswire.com/media/624774/logo_boardriders.jpg 

Arne Arens is a deeply experienced global operator, executive, and brand 
builder. Arne hails from the Netherlands, speaks five languages, and spent the 
past ten years at VF Corporation where he was most recently Global Brand 
President of The North Face, having previously held leadership roles for the 
brand in both Europe and the Americas. Prior to his time at VF, Arens spent 
eight years at Nike where he held several marketing and commercial roles and 
led the company's football business in Germany, Austria and Switzerland during 
a period of rapid growth. Earlier in his career, Arens was a management 
consultant and professional volleyball player. He is a mentor to starting 
entrepreneurs in several industries and has also served on the Board of the 
Conservation Alliance.

Beginning in 2015 and in partnership with Oaktree Capital Management, Dave 
Tanner led the restructuring and turnaround of Boardriders' predecessor company 
Quiksilver, Inc. as well as the 2018 acquisition of Billabong International, 
Ltd. Tanner and the Boardriders team then successfully drove $100 million of 
integration synergies ahead of schedule, established a highly-leverageable 
global brand platform, and drove Boardriders' pivot to a growth agenda and 
e-commerce surge. Most recently, the Company secured its continued financial 
stability with a successful post-COVID global refinancing.  

Incoming CEO Arne Arens said, "I am thrilled to be joining Boardriders not only 
for the opportunity to lead its portfolio of world-class brands in their next 
phase of growth, but also to work with its amazing and talented global team. As 
a former athlete and avid boardrider myself, I appreciate the passionate 
communities, culture, and lifestyle our brands represent. And as an experienced 
action sports executive, I know this industry, its people, and markets and am 
certain the best is yet to come for our brands. I want to thank Dave for his 
years of strong leadership of the company and partnership, Oaktree and our 
Board of Directors for their trust and confidence going forward, and my fellow 
Boardriders associates for all their hard work to date--and most importantly 
for the amazing future we will create, together."

"I am very excited that we have secured a great talent like Arne to lead us 
into this next phase of our journey," said Dave Tanner. "I am enormously proud 
of what our teams have accomplished through our joint vision, passion, and 
stamina during my five and a half years with the Company--the most challenging 
and rewarding of my career to date. Collectively, we have overcome innumerable 
obstacles to protect our brands and their heritages, built an unparalleled 
global platform for the action sports space, and have extended those 
capabilities commercially into the global marketplace. As a significant 
investor and continuing Board member, I look forward to working with Arne to 
continue building on our success in the years ahead. Boardriders' future is 
brighter than ever, and I thank our entire global family for making that 
possible."

Matthew Wilson, Portfolio Manager at Oaktree Capital Management said, "It's a 
great day for Boardriders and for our future. We greatly appreciate Dave's 
leadership over the years, and now have another great new leader in Arne to 
carry the torch of progress even further. On behalf of all of us at Oaktree and 
the Board, I want to thank Dave for his incredible efforts and accomplishments 
with Boardriders, and express our excitement in seeing what Arne's world-class 
talents will bring for our future."

About Boardriders Inc.:

Boardriders, Inc., is a leading action sports and lifestyle company that 
designs, produces and distributes branded apparel, footwear and accessories for 
Boardriders around the world. The Company's apparel and footwear brands 
represent a casual lifestyle for young-minded people who are inspired by a 
passion for outdoor action sports.  The Company's Quiksilver, Billabong, ROXY, 
DC Shoes, RVCA , and Element brands have authentic roots and heritage in surf, 
snow and skate. The Company's products are sold in more than 110 countries in a 
wide range of distribution, including surf shops, skate shops, snow shops, its 
proprietary Boardriders shops and other Company-owned retail stores, other 
specialty stores, select department stores and through various e- commerce 
channels. For additional information, please visit our brand websites at 
www.quiksilver.com, www.billabong.com, www.roxy.com, www.dcshoes.com, 
www.rvca.com, www.elementbrand.com. 

SOURCE: Boardriders, Inc.

CONTACT: Sitrick and Company, Stuart Pfeifer, +1.310.788.2850; 
spfeifer@sitrick.com, or Anita-Marie Laurie, +1.310.788.2850; 
anitamarie@sitrick.com