Skullcandy CEO Resigns

Rick Alden, the founder and chief executive of Skullcandy Inc., is resigning his post, the company announced. Alden is a major shareholder in the company and will remain on the board. President and Chief Operating Officer Jeremy Andrus will step into the CEO role. Formed in 2003, SkullCandy is based in Park City, Utah, and has raised money from investors including Goode Partners. The company filed earlier this year for an initial public offering.

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