Billabong names Howard Mowlem to Board of Directors

Howard Mowlem will be appointed as a Non-Executive Director of Billabong International Limited at a board meeting to follow the Company’s AGM today. He will also take on the chair of the Audit Committee following the retirement of Allan McDonald from the Board.

Mr. Mowlem is experienced in many segments of the international retail industry and specifically in Asia. From 2001 to 2010 he was Chief Financial Officer of Dairy Farm International Holdings Limited, a Hong Kong based retail company operating over 5,000 stores across Asia with turnover in excess of US$10 billion. Prior to this Mr. Mowlem held various senior financial positions over a 12 year period with the Coles Myer Group.

He brings extensive experience in corporate finance, mergers & acquisitions, financial reporting, treasury, tax, investor relations, audit and governance.

Billabong Chairman Ted Kunkel said Mr. Mowlem also brings experience in negotiating and integrating retail acquisitions and joint ventures, and leading a program of divestments.

“Howard brings experience as a board member of both listed and unlisted companies, including chairmanship of a number of Audit Committees”.

The appointment is part of the Board succession announced at last year’s AGM.

Billabong International Limited