Patagonia Inc. announced Wednesday that it has named David B. Olsen of San Diego as the outdoor-clothing company's new chief executive officer.
Olsen, who was president of Peak Power Corp., a subsidiary of Magma Power Co., will move to Ventura and begin his job with Patagonia on June 3.
Olsen had been responsible for worldwide marketing and business development for Magma Power, which generates electricity from geothermal energy. He had formerly been president and chief executive officer of Northern Power Systems, which installed photovoltaic and wind-based power systems in 22 countries.
Before working in the renewable-energy business, he helped start Working Assets Money Fund, which invested in firms that meet social and environmental criteria. He also helped launch National Cooperative Bank.