David Scott Olivet, the CEO of Oakley moved out of that position and into a newly created position called “chairman” last month according to a story in the Orange County Business Journal.
Olivet plans to start his own investment company and continue working for Oakley founder Jim Jannard’s latest venture, Lake Forest-based Red Digital Cinema Camera Co., a digital movie camera maker. . . The Laguna Beach resident has started Renegade Brands LLC, which looks to invest in apparel and other consumer companies. . . . “I will play a variety of roles, from investor to active board member to executive depending on the situation,” Olivet said.
Sounds like Olivet has decided to spend a little more time figuring out what to do with all his money. Meanwhile, Colin Baden, who has been president of Oakley since 1999 will step in as new CEO.
[Link: Orange County Business Journal]
