Title: CEO
Company: Rossignol
Bio: In August 2008, Quiksilver announced it was selling its Rossignol Group for 100 million Euros, or $147.3 million at current exchange rates, to the Macquarie Bank of Australia, Chartreuse & Mont Blanc (headed by former Rossignol CEO Bruno Cercley) and the U.S. consumer products company the Jarden Corporation. Quiksilver bought Rossignol for approximately $320 million in 2005. Bruno Cercley, who led Rossignol until 2005, took back the reins in November 2008, following the transaction. Charged with a painful restructuring process, Cercley reportedly expected sales to fall, citing that, while revenue should remain stable in Western Europe, Rossignol's largest market, it could fall 10 percent to 15 percent in the rest of the world, including North America, where it generates 30 percent of its sales. To stem losses, Rossignol stopped producing skis, boots, boards and bindings for two months in winter of 2009, a move that reduced the staff size from 1400 to about 700 people, and forced all of their athletes to take a 50% pay cut. Cercley owns 2 percent of Rossignol, Macquarie holds 81 percent, and the remaining 17% is in the hands of Jarden, which also owns the K2 and Volkl ski brands. Dynastar skis, Lange boots and Look bindings are under the Rossignol umbrella, indicating Cercley's faith in a brighter future for hardgood sales globally.