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Billabong director resigns

BillabongBillabong director and MD of Oaktree Capital Management, Matthew Wilson, has resigned from the fashion retailer’s board due to a potential conflict with Oaktree’s investment portfolio.

Based in Los Angeles, Wilson leads Oaktree’s retail and consumer investing efforts, including investments in the apparel, retail, consumer products, food, beverage, and restaurant sectors.

Thomas Casarella, as an alternate director for Wilson, has also resigned.

“On behalf of my fellow directors I would like to acknowledge and thank Matthew Wilson for his contribution,” said Billabong chairman Dr Ian Pollard. “Having joined the board in November of 2013, Mr Wilson steps down with Billabong having just reported its first full year profit in five years.”

“Mr Wilson and Oaktree are strong supporters of Billabong’s turnaround strategy, which the board and the group remain focused on implementing,” said Dr Pollard.

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