Brittany Bagley joins Sonos as Chief Financial Officer
April 03 2019 - 4:05PM
Business Wire
Today, Sonos (Nasdaq: SONO) announced that Brittany Bagley will
join the company’s executive management team as its new Chief
Financial Officer, effective April 22, 2019. Bagley replaces
current CFO Mike Giannetto who will retire in June, after ensuring
an orderly transition.
Bagley will be responsible for all financial, accounting,
corporate development, and investor relations functions within the
company, as well as overseeing the real estate and facilities
organizations. She will report to Sonos CEO Patrick Spence and be
based out of the company’s Santa Barbara headquarters.
Bagley was previously a Managing Director at global investment
firm KKR & Co., where she has held various roles on the
technology, media, and telecom (TMT) private equity team since
2007. Bagley was a member of KKR’s original Sonos investment team
in 2012 and has served on the Sonos Board for the past two
years.
“Brittany’s long history with Sonos as an investor and board
member gives her a deep knowledge of our business, strategy, and
market,” said Sonos CEO Patrick Spence. “This knowledge coupled
with her impressive experience in driving financial performance,
growth strategies, and shareholder value make her the perfect fit
as we enter new product categories and geographies.”
In anticipation of assuming her new role, Bagley is stepping
down from the Sonos Board of Directors, effective immediately. As a
result, the Board appointed Karen Boone to serve on its
Compensation Committee and Thomas Conrad to serve as the Chairman
of the Compensation Committee and reduced the size of the Board
from eight to seven members.
“After being involved with Sonos for so long I’m thrilled to be
joining as Chief Financial Officer. Beyond being an ardent Sonos
user, I have an immense amount of respect for the strong culture,
great leadership and the exciting product roadmap,” Bagley said.
“Despite the incredible success to date, I see continued upside
potential driven by rapid growth in the category, the extension of
our product experience outside the home, continued geographic
expansion, and scale.”
Bagley has served as a Director on the boards of Sonos, Savant,
Transphorm and WebMD, working closely with company leadership to
develop long-term strategies and drive growth. Prior to joining
KKR, Bagley was an analyst at The Goldman Sachs Group, Inc. She
holds a B.A from Brown University.
About Sonos
Sonos (Nasdaq: SONO) is one of the world’s leading sound
experience brands. 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 they choose. Known for delivering an unparalleled sound
experience, thoughtful home design aesthetic, simplicity of use and
an open platform, Sonos makes the breadth of sonic content
available to anyone. Sonos is headquartered in Santa Barbara,
California. Learn more at www.sonos.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190403005665/en/
For Investors:Michael GroeningerIR@sonos.comorFor
Media:Laura MorarityPR@sonos.com
Sonos (NASDAQ:SONO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Sonos (NASDAQ:SONO)
Historical Stock Chart
From Apr 2023 to Apr 2024