Billabong loses another exec

Surfwear retailer loses another senior executive despite recapitalisation deal.

Another senior Billabong International (BBG) executive has resigned despite last month's recapitalisation agreement with the Centerbridge-Oaktree consortium, The Australian Financial Review reports.

According to the newspaper, Billabong Americas vice-president of sales Richard Sanders has resigned.

His resignation follows other departures in the brand's sales leadership team, including women's sales manager Angi Brogerg and men's sales manager Jeff Booth, the AFR  reports.

General manager of Billabong Europe Franco Fogliato also recently left the group after being poached by Columbia.