Oakley appoints Scott Olivet as CEO and director

21/09/2005

Oakley, Inc. has announced the appointment of Scott Olivet as chief executive officer and director effective October 10, 2005. Until then, he will serve part-time in an advisory capacity as an employee of the company. Mr. Olivet will succeed Oakley, Inc. founder, chairman and chief executive officer Jim Jannard who will continue as chairman of the board of directors.

Since 2001, Mr. Olivet, 43, served as Nike, Inc.'s vice president, Nike Subsidiaries and New Business Development where he led, developed and executed the company's multi-branding strategy including making three acquisitions. Prior to working at Nike, Mr. Olivet served as the Gap, Inc.'s senior vice president of Real Estate, Store Design, and Construction, responsible for the Gap, Banana Republic and Old Navy brands from 1998 to 2001.