Standard Pacific Homes, the Southern California-based home builder, has announced that CEO Ken Campbell is leaving the company. Campbell will resign from his role as CEO and member of the board of directors on Jan. 1, 2012.

Scott Stowell, the company’s president, will now begin to assume day-to-day management of the company, according to a Jan. 12 filing with the Securities and Exchange Commission (SEC). Stowell will receive the title of CEO and will join the board of directors in January.