Spotlight: President of Surfwear Firm Katin Resigns

Bill Sharp, who helped transform Katin Inc. surfwear from a storefront operation into a multimillion-dollar business, has resigned as president of the Costa Mesa-based company. He declined to say why he left the company, which was purchased last year by Los Angeles-based ski and snowboard maker K2 Inc. K2 also declined to comment. Earlier this year, Sharp, 37, was heralded as the creative force behind the K2 Big Wave Challenge, a surfing contest timed to coincide with K2’s foray into surfwear.