SCOTTSDALE, Ariz.--Jeff Obstfeld, president of Oakley’s Iacon sunglass retailing subsidiary, will resign in March to devote his time to other interests, including his sunwear wholesale business, Desert Sunglass of Scottsdale, and his avocation, his thoroughbred race-horse stable.

Oakley, along with Iacon, was acquired by Luxottica Group in mid-November. Obstfeld said that until March he will “continue to assist Oakley and Luxottica Retail in the transition of functional responsibilities for the Sunglass Icon stores to the new organization, with a focus on real estate and store development.”

He added, “I feel my job is done with Iacon and wish Luxottica and Oakley all my best in their efforts to create a new retail brand that will be wildly successful.”

Then-privately held Iacon was acquired by Oakley in late October 2001. Once Iacon became a wholly owned subsidiary of Oakley, with founder Obstfeld remaining as Iacon’s president, the sunwear chain embarked on an aggressive expansion program. ■