Skullcandy CEO Andrus Steps Down

Skullcandy announced Thursday that CEO Jeremy Andrus has resigned, and will be replaced on an interim basis by founder Rick Alden.

Andrus, who will remain as a consultant for one year, is leaving to join a private investment firm. A search will be held to select a new permanent CEO.

“The Board is delighted that Rick has agreed to return to his previous role as CEO on an interim basis. As our founder and a member of the Board, Rick created the vision and spirit that guides Skullcandy, and will help to make the changes necessary to continue improving financial performance and to enhance shareholder value,” chairman Jeff Kearl said in a statement.

“On behalf of the Board I want to thank Jeremy for his significant contributions to Skullcandy over the previous eight years. Skullcandy would not be the company we are today without him and we wish him every success in his next endeavor.”

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