Patrick Spence to Step Down as CEO and Board
Member
Tom Conrad Appointed Interim CEO
Sonos, Inc. (Nasdaq: SONO) today announced that the Sonos Board
of Directors and Patrick Spence have agreed that Mr. Spence will
step down as Chief Executive Officer (CEO) and as a member of the
Board effective today. The Board has appointed Tom Conrad, an
independent member of the Board since 2017, as Interim CEO, also
effective as of today. The Board has initiated a search for its
next CEO with the assistance of a leading executive search firm,
and is committed to identifying a leader who will build on the
Sonos legacy of innovation and excellence in serving its customers
while also driving profitable growth. This leadership change is
unrelated to the Company’s fiscal first quarter results, which will
be reported on February 6, 2025, and for which the Company is
providing no update at this time.
"On behalf of the Board, I want to thank Patrick for his
contributions as CEO," said Julius Genachowski, Chair of the Board
of Directors. "During his tenure, Patrick built on our pioneering
success in wireless home audio and led the Company's expansion into
premium audio for home theater, portables, and headphones. We
appreciate Patrick's dedication to Sonos."
Mr. Genachowski continued, "Tom’s mandate is to improve the
Sonos core experience for our customers, while optimizing our
business to drive innovation and financial performance. With his
deep product expertise and long-term relationship with Sonos, Tom
is uniquely suited to guide the company forward during the
transition and the Board looks forward to partnering with him
closely. We are excited about the opportunity ahead."
"I am deeply honored to step into this role at such an important
moment for Sonos," said Mr. Conrad. "Nearly two decades ago, when I
led the earliest initiative to integrate Pandora and Sonos, I got
my first glimpse of the magic that Sonos could bring to millions of
lives every day. I am excited to work with our team to restore the
reliability and user experience that have defined Sonos, while
bringing innovative new products to market. Together, we will focus
on delivering extraordinary experiences for our customers and
strong results for our shareholders."
About Tom Conrad
Tom Conrad has served on the Sonos Board of Directors since 2017
and is a seasoned leader in consumer technology with over three
decades of experience. He is the outgoing Chief Executive Officer
of Zero Longevity Science, where he has driven growth for its
subscription digital health platform since 2021. He previously
served as the Chief Product Officer of Quibi, a short form
streaming service where he helped build the team and product from
scratch. Mr. Conrad was the Vice President of Product at Snap Inc.,
where he oversaw numerous product innovations that solidified
Snapchat as a leader in the social media landscape, renowned for
its creativity and user engagement. Tom also served as the Chief
Technology Officer and Executive Vice President of Product at
Pandora, where he was among the original creators of the pioneering
music streaming service. During his decade-long tenure, he drove
the development of Pandora’s personalized music experience, helping
the company scale to tens of millions of users and revolutionizing
how the world discovers and listens to music. At the start of his
career, Tom worked at Apple building the foundational user
interface of the Macintosh. He holds a B.S.E in computer
engineering from the University of Michigan.
About Sonos
Sonos (Nasdaq: SONO) is the world’s leading sound experience
company. As the inventor of multi-room wireless home audio, Sonos
innovation helps the world listen better by giving people access to
the content they love and allowing them to control it however and
wherever they choose. Known for delivering an unparalleled sound
experience, thoughtful design aesthetic, simplicity of use, and an
open platform, Sonos makes the breadth of audio content available
to anyone. Sonos is headquartered in Santa Barbara, California.
Learn more at www.sonos.com.
Forward Looking Statements
This press release contains forward-looking statements that
involve risks and uncertainties. All statements contained in this
press release other than statements of historical fact, including,
without limitation, statements regarding the composition of our
board of directors, changes to our leadership team, our business
strategy and plans, market growth, and our objectives for future
operations, are forward-looking statements. The words “believe,”
“may,” “will,” “estimate,” “continue,” “anticipate,” “intend,”
“could,” “would,” “expect,” “objective,” “plan,” “potential,”
“seek,” “grow,” “target,” “if,” and similar expressions are
intended to identify forward-looking statements, though not all
forward-looking statements use these words or expressions.
These forward-looking statements are only predictions and may
differ materially from actual results due to a variety of factors,
including, but not limited to: our ability to accurately forecast
product demand and effectively forecast and manage owned and
channel inventory levels; our ability to introduce software updates
to our new app on a timely basis and otherwise deliver on our
action plan to address issues caused by our new app and related
customer commitments; our ability to maintain, enhance and protect
our brand image; the impact of global economic, market and
political events, including continued inflationary pressures, high
interest rates and, in certain markets, foreign currency exchange
rate fluctuations; changes in consumer income and overall consumer
spending as a result of economic or political uncertainty or
conditions; changes in consumer spending patterns; our ability to
successfully introduce new products and services and maintain or
expand the success of our existing products; the success of our
efforts to expand our direct-to-consumer channel; the success of
our financial, growth and business strategies; our ability to
compete in the market and maintain or expand market share; our
ability to meet product demand and manage any product availability
delays; supply chain challenges, including shipping and logistics
challenges and component supply-related challenges; our ability to
protect our brand and intellectual property; and the other risk
factors set forth under the caption “Risk Factors” in our Annual
Report on Form 10-K for the fiscal year ended September 28, 2024
and our other filings filed with the Securities and Exchange
Commission (the “SEC”), copies of which are available free of
charge at the SEC’s website at www.sec.gov or upon request from our
investor relations department.
All forward-looking statements herein reflect our opinions only
as of the date of this press release, and we undertake no
obligation, and expressly disclaim any obligation, to update
forward-looking statements herein in light of new information or
future events. Sonos and Sonos product names are trademarks or
registered trademarks of Sonos, Inc. All other product names and
services may be trademarks or service marks of their respective
owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20250113971950/en/
Investor Contact James Baglanis IR@sonos.com
Press Contact Erin Pategas PR@sonos.com
Sonos (NASDAQ:SONO)
過去 株価チャート
から 12 2024 まで 1 2025
Sonos (NASDAQ:SONO)
過去 株価チャート
から 1 2024 まで 1 2025
