Billabong appoints acting CEO

Billabong International Ltd has appointed Peter Myers as acting chief executive officer, as the group awaits a green light from the Takeovers Panel to finalise Scott Olivet's appointment.

In a statement to the Australian Securities Exchange, the group said discussions with Mr Olivet were continuing and he would act as a consultant in the interim.

The group is waiting for approval of its funding deal with the Altamont Consortium and GE Capital, which it said could take a week or more (see Roger Montgomery's Billabong poised for a turnaround). 

Billabong also announced Paul Naude had resigned from his positions as director and employee.

The group said former CEO Launa Inman stepped down, effective August 2, as previously flagged.