Park City, Utah — Headphones manufacturer Skullcandy announced that Jeremy Andrus is stepping down as president and CEO.
Company founder Rick Alden has returned as interim CEO. Alden was CEO until he resigned in 2011. He has since remained on the board of directors.
Andrus is stepping down to join a private investment firm. He will serve as a consultant to the company for the next 12 months.
In a statement, Alden said: "I am honored to play this role in the next chapter at Skullcandy. This company has been my life since founding it and I'm excited to come back in as we enter our second decade. I could not be more fired up to jump back in and get my hands dirty, especially around product development and geographic expansion.”