Ashworth, a Carlsbad-based maker of golf apparel, said its chairman and chief executive officer, Randall L. Herrel, will resign effective Oct. 17.
Ashworth provided no reason for the change announced Sept. 12. The firm said Herrel, the CEO for 10 years and chairman of the board for the last six, will work closely with the new chairman, James B. Hayes, a director, to ensure a smooth transition. The search for a new CEO is under way.
The company named Gary Schneiderman, who uses Sims as his surname, as president. He was Ashworth’s former executive vice president of sales, marketing and customer service.
The company also established a new Office of the Chairman, which consists of Herrel and Director Peter Weil. When Herrel leaves, Schneiderman and Chief Financial Officer Winston Hickman will join the office.
Ashworth closed at $7.08 on the Nasdaq exchange on Sept. 13, and has ranged from $6.17 to $10.45 during the past 52 weeks.
, Mike Allen