Geoff Eisenberg

West Marine announced the company's board of directors has named Matthew Hyde, 49, president and CEO, succeeding Geoff Eisenberg, 59, who, earlier this year, disclosed his intention to step down upon the appointment of a successor. Hyde will join West Marine on June 19.

West Marine said Tuesday that its President and CEO Geoff Eisenberg will resign once a new chief is appointed. Following a leadership transition period, Eisenberg will serve as a special advisor to the West Marine board of directors. West Marine has already initiated the search for a new CEO. No reason has been given for Eisenberg’s departure.

West Marine Inc. reported Thursday that its net revenues for the quarter ended July 3 were $233.4 million, an increase of 8.4% over the year-ago period.Same-store sales jumped 9.4%.According to the company, sales benefitted from warmer weather in the northeast. However, “in the southeast, we have been starting to feel the effects of the oil spill in the Gulf of Mexico as boating activities are increasingly restricted,” said Geoff Eisenberg, CEO.West Marine, a specialty retailer of boating supplies and accessories, operates 330 company-operated stores in 38 states, Puerto Rico and Canada, and two franchised stores in Turkey.