Boardriders Inc, the global action sports and lifestyle company that owns and operates the Quiksilver, Roxy, and DC Shoes brands, has appointed chief turnaround officer Dave Tanner as CEO following the disappearance of Pierre Agnes last week during a fishing trip in France.

The Huntington Beach, California, based firm is in the process of acquiring embattled Australian surfwear brand Billabong International in a move it says will create the world’s leading action sports company with sales to over 7,000 wholesale customers in more than 110 countries.

Announced last month, the deal is expected to close in the first half of this year and would have seen Agnes assume the role of president, leading a “substantial portion” of the integration of the two companies, and Tanner transition to CEO of Boardriders upon closing of the transaction.

However, following the news that Agnes has been lost at sea, Tanner’s appointment has been announced earlier than planned.

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

Meanwhile, CFO Thomas Chambolle will assume the additional responsibilities of interim president of EMEA, and Greg Healy will remain global president and president of APAC.