Ex-Nike exec new CEO of Utah's Skullcandy
Skullcandy, the Park City-based maker of headphones and accessories for electronic devices, has named Hoby Darling of Nike its new president and CEO.
Darling, formerly general manager of Nike+Digital Sport, replaces Jeremy Andrus. Andrus stepped down last month to join the Massachusetts investment firm Solamere Capital, co-founded by Mitt Romney's son, Tagg.
Darling was a member of the Nike Affiliates Global Leadership team and served as the head of strategy and planning for Nike affiliates. Before that, he was senior vice president of strategic development and general counsel for Volcom, a designer and distributor of young men's and women's clothing and accessories.
"I am extremely excited to join the Skullcandy team at this early stage of the company's global growth cycle," Darling said in a statement.
The company's founder and former CEO, Rick Alden, served briefly as the interim CEO. Andrus had been president since 2008.
Skullcandy was founded in 2003 and produces and sells headphones, earbuds and other accessories for mobile devices. Its products are aimed at customers with an active lifestyle. The company has more than 330 employees and offices in San Francisco, San Clemente, Calif., China and Switzerland.
Skullcandy reported that its fourth quarter sales increased 21 percent, to $101 million, and had sales of $297.7 million for its 2012 fiscal year, an increase of 28.1 percent over fiscal 2011.
Skullcandy's stock rose 27 cents per share in after-hours trading Monday, to $5.60 per share.
See more about comments here.