Today OCZ’s Board of Directors has appointed Alex Mei as the interim CEO of OCZ following accepting the resignation of one of the company’s founders, Ryan Petersen, from his position as CEO.

Alex Mei currently holds the position (and will continue to do so) as EVP and Chief Marketing Officer while the company searches for a new CEO.

OCZ’s stock has been declining recently, and has fallen from a high of 10.55 in July of 2011 to today’s closing of 4.46. Rumors of a Seagate buyout didn’t do much to change the equation, either, as apparently nothing has materialized from those discussions. OCZ has traditionally been known as a performance leader, but have had issues with quality control and brand image in the past—though the recent Vertex 4 and upcoming Vector drives are promising.

The full press release is below: