Seattle-based golf and leisure-apparel company, Cutter & Buck Inc, said on Monday Marty Marks has decided to resign as president and COO and as a member of the board of directors.

"For over eleven years, I've worked closely with Harvey Jones, the CEO who resigned recently," said Marks in a statement. "It's time for me to explore new possibilities, and for the company to complete the transition of top management."

He added: "We built a strong organisation, and I'm confident that Cutter & Buck will prosper as it makes this transition."

"Marty has been a key executive for many years, having demonstrated a constant drive for performance and keen business insights," said CEO, Fran Conley,"and I'm glad he is going to be available to assist us in other ways."

Cutter & Buck previously announced that it plans to have a nationwide search for a permanent CEO. "The company is focusing on improving profitability by emphasising its basic competencies. The leadership team is very strong,"said Conley, who is serving as CEO during the interim. "I do not anticipate the need to fill a president-COO position."