Saori Casey to Join Sonos as Chief Financial Officer
January 09 2024 - 4:05PM
Business Wire
Current CFO and CLO Eddie Lazarus to assume
Chief Legal and Strategy Officer role
Sonos, Inc. (Nasdaq: SONO) today announced that industry leading
corporate finance executive Saori Casey will join the company’s
executive leadership team as its new Chief Financial Officer,
effective January 22, 2024. Saori will oversee all financial,
accounting, real estate, technology, and investor relations
functions within the company. Saori succeeds current CFO Eddie
Lazarus, who will take on the new role of Chief Strategy Officer
while retaining existing duties as Chief Legal Officer.
Saori brings more than 30 years of corporate finance experience,
with nearly 13 years serving as Vice President of Finance at Apple,
where she was responsible for running all aspects of Apple’s
financial planning, forecasting, capital allocations, investor
relations, as well as financial management of all G&A
functions. Prior to joining Apple, Saori spent 15 years at Cisco,
where she held a number of finance leadership roles spanning
operations, sales, R&D, FP&A, M&A, and systems, as the
company scaled its revenue from $4 billion to over $40 billion. In
addition, Saori serves on the board of Houzz, as both chair of the
Audit Committee and a member of the Compensation Committee.
“I am excited to welcome Saori as our new CFO. The depth and
breadth of her experience at world-class companies like Apple and
Cisco make her perfectly suited to build on our momentum and seize
the opportunity ahead,” says Sonos CEO Patrick Spence. “Saori’s
appointment to CFO and Eddie’s transition to Chief Legal and
Strategy Officer, along with the recent appointments of Deirdre
Findlay as Chief Commercial Officer and Maxime Bouvat-Merlin as
Chief Product Officer, have yielded an accomplished executive
leadership team poised to accomplish our ambition to be the world’s
leading sound experience company.”
“Sonos is an iconic consumer brand with an exciting portfolio of
audio products that delight and inspire millions of consumers
around the world, myself included,” said incoming Chief Financial
Officer, Saori Casey. “I have great admiration for what the team
has built and am energized by the opportunity to help lead Sonos
into its next phase of growth.”
In his new role, Eddie will be responsible for leading Sonos’
strategic planning, corporate development, and sustainability
efforts, in addition to his Chief Legal Officer duties.
“I am incredibly grateful for the opportunity to serve as CFO of
Sonos during the last 16 months. I hand the baton to Saori at an
exciting time, following a successful holiday season, and ahead of
our entry into a new multi-billion dollar category later this
year,” Eddie Lazarus commented. “I look forward to partnering with
Saori to ensure a smooth transition, and dedicating more of my time
to crafting the strategies that will position Sonos to succeed over
the long term.”
Forward-Looking Statements
This press release contains forward-looking statements that
involve risks and uncertainties. These forward-looking statements
include statements regarding our anticipated new product launch and
the timing thereof, a smooth transition for our executive officers’
new roles, and the company’s potential for market leadership and
long-term success. 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; the impact of global
economic, market and political events, including the potential for
an extended global recession, continued inflationary pressures,
rising 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 meet
product demand and manage any product availability delays; supply
chain challenges, including shipping and logistics challenges and
component supply-related challenges; the resurgence of the COVID-19
pandemic and the other risk factors set forth under the caption
“Risk Factors” in our Annual Report on Form 10-K for the year ended
September 30, 2023 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.
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 audio content
available to anyone. Sonos is headquartered in Santa Barbara,
California. Learn more at www.sonos.com.
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Investor Contact James Baglanis IR@sonos.com
Media Contact Erin Pategas PR@sonos.com
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