Global business advisor and SEC financial
expert Ruby Sharma joins leading connected home fitness company
Nautilus, Inc. (NYSE:NLS), a leader in personalized, connected
home fitness, today announced that Ruby Sharma has been appointed
to its Board of Directors effective May 18, 2022.
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Ruby Sharma (Photo: Business Wire)
With over 30 years of experience counseling Fortune 500
multi-national corporations and board leadership, Sharma delivers a
proven capacity to fuel business transformation, strengthen
investor relations, and drive revenue growth.
A cross-sector financial and audit committee expert, Sharma
pairs a deep bench of expertise in technical accounting, risk and
regulatory compliance, and corporate governance with a passion for
driving accountability within organizations’ diversity, equity, and
inclusion (DEI) efforts.
Her appointment to the board comes at a pivotal time for the
company as it continues advancing its long-term strategic plan.
“We are thrilled to welcome Ruby to our board of directors,”
said M. Carl Johnson, III, Chair of Nautilus, Inc. "Our Board is
committed to continually bring fresh and diverse perspectives to
Nautilus. Ruby’s multi-faceted background is a critical addition to
the depth and breadth of experience represented on Nautilus’ board,
as the company continues to transform the connected home fitness
industry.”
About Ruby Sharma Sharma has served as Managing Partner
of RNB Strategic Advisors and currently serves on the board of
directors of ShotSpotter, Inc. (NASDAQ: SSTI), a leader in
precision policing technology solutions, and an advisory council
member for reacHIRE, a technology company helping women
successfully re-enter the workforce after a career break.
Previously, she spent over 15 years as a senior partner at Ernst
& Young LLP (“EY”).
A frequent keynote speaker and panelist, Sharma has authored
several audit committee handbooks, guides, and white papers on
governance, value protection, and diversity and inclusion topics.
Sharma was honored as an Outstanding 50 Asian Americans in Business
in the Americas in 2011 by the Asian American Business Development
Center. She is a Fellow Chartered Accountant (Institute of
Chartered Accountants in England & Wales) and holds a B.A. in
Economics from Delhi University, India. Sharma also attended the
Executive Education program for EY Partners at Northwestern
University, Kellogg School of Management.
“This is an exciting time to be joining Nautilus,” said Sharma.
“Guided by its noble mission, Nautilus is poised for sustained
growth in the rapidly-evolving connected home fitness industry and
I look forward to contributing to the board as we continue this
upward trend.”
In addition to welcoming Ruby Sharma to Nautilus’ board of
directors, long-time board members Richard Horn and Marvin Siegert
have announced that they will be retiring as of the Company’s next
annual shareholder’s meeting, currently scheduled for August 2,
2022.
“On behalf of the Board of Directors, I want to thank Rick and
Marv for their long, dedicated service and many contributions to
the board and Nautilus,” said Johnson. “They have been critical to
helping us seize opportunities and overcome challenges over the
years, and most recently helping us fuel the company’s North Star
initiatives for long-term success. We will miss their sage counsel
and fellowship.”
Sharma’s appointment to Nautilus’ Board of Directors is part of
a comprehensive nomination process that strives to bring diverse
perspectives to Nautilus. For more information on Nautilus’
leadership team, including our board of directors, please visit our
website.
About Nautilus, Inc. Nautilus, Inc. (NYSE:NLS) is a
global leader in digitally connected home fitness solutions. The
company’s brand family includes Bowflex®, Nautilus®, Schwinn®, and
JRNY®, its digital fitness platform. With a broad selection of
exercise bikes, cardio equipment, and strength training products,
Nautilus, Inc. empowers healthier living through individualized
connected fitness experiences; and in doing so, envisions building
a healthier world, one person at a time.
Headquartered in Vancouver, Washington, the company’s products
are sold direct to consumer on brand websites and through retail
partners and are available throughout the U.S. and internationally.
Nautilus, Inc. uses the investor relations page of its website
(www.nautilusinc.com/investors) to make information available to
its investors and the market.
This press release includes forward-looking statements
(statements which are not historical facts) within the meaning of
the Private Securities Litigation Reform Act of 1995, including:
projected, targeted or forecasted financial, operating results and
capital expenditures, including but not limited to net sales growth
rates, gross margins, operating expenses, operating margins,
anticipated demand for the Company's new and existing products,
statements regarding the Company's prospects, resources or
capabilities; planned investments, strategic initiatives and the
anticipated or targeted results of such initiatives; the effects of
the COVID-19 pandemic on the Company’s business; and planned
operational initiatives and the anticipated cost-saving results of
such initiatives. All of these forward-looking statements are
subject to risks and uncertainties that may change at any time.
Factors that could cause Nautilus, Inc.’s actual expectations to
differ materially from these forward-looking statements also
include: weaker than expected demand for new or existing products;
our ability to timely acquire inventory that meets our quality
control standards from sole source foreign manufacturers at
acceptable costs; risks associated with current and potential
delays, work stoppages, or supply chain disruptions, including
shipping delays due to the severe shortage of shipping containers;
an inability to pass along or otherwise mitigate the impact of raw
material price increases and other cost pressures, including
unfavorable currency exchange rates and increased shipping costs;
experiencing delays and/or greater than anticipated costs in
connection with launch of new products, entry into new markets, or
strategic initiatives; our ability to hire and retain key
management personnel; changes in consumer fitness trends; changes
in the media consumption habits of our target consumers or the
effectiveness of our media advertising; a decline in consumer
spending due to unfavorable economic conditions; risks related to
the impact on our business of the COVID-19 pandemic or similar
public health crises; softness in the retail marketplace;
availability and timing of capital for financing our strategic
initiatives, including being able to raise capital on favorable
terms or at all; changes in the financial markets, including
changes in credit markets and interest rates that affect our
ability to access those markets on favorable terms and the impact
of any future impairment. Additional assumptions, risks and
uncertainties are described in detail in our registration
statements, reports and other filings with the Securities and
Exchange Commission, including the “Risk Factors” set forth in our
Annual Report on Form 10-K, as supplemented by our quarterly
reports on Form 10-Q. Such filings are available on our website or
at www.sec.gov. You are cautioned that such statements are not
guarantees of future performance and that our actual results may
differ materially from those set forth in the forward-looking
statements. We undertake no obligation to publicly update or revise
forward-looking statements to reflect subsequent developments,
events or circumstances.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220519005285/en/
Media: Hanna Herrin Nautilus, Inc. 360-859-2570
hherrin@nautilus.com
Carey Kerns The Hoffman Agency 503-754-7975
ckerns@hoffman.com
Investor Relations: John Mills ICR, LLC 646-277-1254
john.mills@ICRinc.com
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