Nike has announced that Hurley founder and chairman Bob Hurley will become interim CEO of the sportswear brand, replacing Michael Egeck, who has been named as president and CEO of outdoor retailer Eddie Bauer.

Hurley will work closely with Nike Affiliates president Roger Wyett through the transition.

"I'd like to thank Michael for his work during his time with the brand. Hurley continues to be an important part of the Nike Inc portfolio as a deeply authentic and innovative surf brand, and serves as a key component of our integrated action sports strategy alongside the Nike brand and Converse," said Wyett.

Egeck has been in the role for less than a year, joining at the beginning of October 2011. Previously, he was president of True Religion Brand Jeans and has held senior positions with VF Corp.