It’s Inauguration Day at Quiksilver Inc. Today is the first official day on the job for Andy Mooney, 57, the surf and sports giant’s new president and CEO, who has also joined the board of directors. Mooney, who most recently spent eight of 11 years at Disney Consumer Products as chairman and 20 years in executive roles at Nike, succeeds Quiksilver cofounder Bob McKnight, 59, who now serves as executive chairman.

“We are thrilled and excited to welcome Andy as our next president and CEO,” said Quiksilver presiding director James G. Ellis. “Andy has served in a variety of senior leadership roles with two of the largest, most recognized and well respected companies in the world. He is an experienced senior executive with a proven background building consumer brands, developing worldwide marketing strategies and driving global growth. Andy is ideally suited to lead Quiksilver into its next phase of growth and profitability.”

“I am honored to lead Quiksilver, a company with a stellar reputation, a long, distinguished history of creativity and innovation and strong customer relationships,” said Mooney. “Quiksilver has built a valuable portfolio of global authentic brands. I am enthusiastic and energized about the opportunities ahead, and look forward to working with the board, management team and our employees around the world to continue strengthening our brands, increasing global sales and driving operational efficiencies to fully realize Bob’s vision for Quiksilver.”

Founded in 1976 and based in Huntington Beach, California, Quiksilver Inc. owns and operates the Quiksilver, Roxy, DC, Lib Tech and Hawk brands. Its products are sold in more than 90 countries.