Billabong has received the resignation of director, Matthew Wilson.
Wilson joined the Billabong board in November 2013 as a representative of major shareholder Oaktree Capital Management.
He resigned due to a potential conflict in Oaktree’s investment portfolio.
Thomas Casarella as an alternate director for Mr Wilson has also resigned.
A consortium comprising Oaktree Capital Management and Centerbridge Partners holds more than 38 per cent of Billabong shares.
Billabong chairman Dr Ian Pollard thanked Wilson for his contribution.
“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 focusedon implementing,” he said.