Park City-based headphones and clothing manufacturer Skullcandy said Thursday that CEO Jeremy Andrus has stepped down to join the Massachusetts investment firm Solamere Capital, which was co-founded by Mitt Romney's son, Tagg.
Skullcandy's board of directors announced that founder and former CEO Rick Alden will take over on an interim basis. The board is initiating a search for a permanent replacement, according to a statement.
"The board is delighted that Rick has agreed to return to his previous role," said Skullcandy Chairman Jeff Kearl. "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."