Skullcandy names Shopzilla executive as CFO
(Associated Press Via Acquire Media NewsEdge) PARK CITY, Utah (AP) — Skullcandy Inc. announced Monday that it has hired Shopzilla Inc. executive Jason Hodell as its chief financial officer.
Hodell had been CFO at the shopping comparison website.
Skullcandy, which makes colorful headphones and other audio accessories, said that Hodell will join the company before Nov. 4.
The company's CEO, Hoby Darling, is fairly new to Skullcandy, too. Darling joined the company in March. Skullcandy is dealing with increased competition. Wall Street analysts expect the company's net income to drop 95 percent this year, according to FactSet. Skullcandy's stock has fallen 57 percent over the last year.
"Jason's financial and operational leadership experience, particularly his technology and digital background, will be highly valuable to Skullcandy's ongoing transformation and future success," said Darling.
Hodell is replacing Kyle Wescoat, who announced in June that he was leaving the company. He had just joined Skullcandy in October of 2012. Skullcandy closed some operations in Southern California and moved them to its Park City, Utah, headquarters. Wescoat wanted to remain close to home in California.
Shares of Skullcandy fell 23 cents, or 3.7 percent, to close at $6.05 Monday.
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