Oakley Announces Creation of Office of Chairman

Oakley Inc. today announced that the company's board of directors approved the creation of the office of the chairman. The executives named to the new office include Oakley founder, Chairman and Chief Executive Officer Jim Jannard; Chief Operating Officer Link Newcomb; President Colin Baden; and Executive Vice President Tommy Rios. Jannard commented: "Elevating Link, Colin and Tommy to the newly created office of the chairman recognizes the vital contribution each has made toward Oakley's success and the board's confidence in their ability to help lead the company in the future. I have complete confidence in this group's abilities, with my guidance, to lead us through the challenges of today's difficult retail environment and capitalize on the opportunities afforded the Oakley Brand."