Park City, Utah - Headphones manufacturer Skullcandy announced the resignation of its founder and CEO, Rick Alden.
Alden will be replaced by Jeremy Andrus, currently president and COO. Andrus joined Skullcandy in 2005 and has been president and COO since June 2008.
Details about the cause for Alden's resignation were not given, and a company spokesman noted that the company is currently in registration for a potential IPO and therefore limited by the IPO quiet period.
Alden said in a statement: "Jeremy has been the greatest partner an entrepreneur could hope for to assist building a concept into the company that Skullcandy has become. I expect he will be fantastic in his new role as CEO."
Alden has been the head of the company since it was founded in 2003. As a major shareholder, he will remain on the board of directors, according to Skullcandy.
"Rick developed his inspiration for Skullcandy on a chairlift in Park City and has worked tirelessly to create and establish the Skullcandy brand," said Jeff Kearl, chairman of the board, in the statement. "I support Rick's decision and would like to thank him for his hard work and leadership. Skullcandy has always looked at change as an opportunity, and this marks a new chapter for the company."
Andrus commented, "I am honored to have the opportunity to build upon what Rick has created. Skullcandy has been an amazing six-year journey, and I look forward to continuing the voyage in my new role as CEO."