Oakley Announces New CEO & Chairman

mike lewis

• August 31 2009
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Olivet

David Scott Olivet has stepped down as CEO at Oakley to fill the newly created position of chairman. Taking over his role as chief executive is Colin Baden, who has been Oakley’s president since 1999. Olivet has led the company since 2005 and oversaw the company’s 2007 sale to Luxottica Group SPA for $2.1 billion.

According to the Orange County Business Journal:
“Oakley will always be part of me and I will be part of Oakley, formally or informally, for as long as I can be useful,” Olivet said. “Colin and I have worked seamlessly since the day we met, so I expect we will have no challenges making this work,” he said.

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.