Nautilus, Inc. announces appointment of new board chair, Anne Saunders
August 08 2022 - 8:30AM
Business Wire
Long-time board member to support Nautilus’
continued digital transformation in new leadership role
Nautilus, Inc. (NYSE:NLS), a leader in personalized, connected
home fitness, today announced that current board member Anne
Saunders has assumed the role of board chair, effective August
2.
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Ms. Saunders’ appointment to the role was confirmed by the
Nautilus board after the Annual Shareholders meeting last Tuesday.
M. Carl Johnson, III previously held the role since 2011 and
announced his retirement earlier this year.
In her decade of service to the Nautilus board, Saunders has
acted as Chair of the Nominating and Corporate Governance
Committee, and as a member of the Audit and Compensation
Committees.
“I am thrilled to take on this new role, particularly during a
time of transformation for Nautilus. Our focused strategy and the
uniqueness of JRNY, our personalized training app, drive my
confidence that we will lead in the connected fitness space,”
Saunders said. “I am honored to collaborate with the stellar
Nautilus team and talented, passionate board that is in place."
An accomplished business leader with a track record of
accelerating revenue growth through innovation, Saunders currently
holds a variety of non-executive director roles at WD-40 and Swiss
Water Decaffeinated Coffee, Inc., in addition to her role at
Nautilus. She previously served in executive leadership roles
leading various consumer goods and digital subscription companies,
including NakedWines.com, FTD, a global floral and gifting company,
Redbox, and Starbucks. Ms. Saunders holds a B.A from Northwestern
University and an M.B.A from Fordham University.
“Anne continues to bring to the board an unmatched passion for
business growth and a deeply-rooted understanding of the consumer
marketplace that has helped propel us forward in our digital
transformation,” said Jim Barr, CEO of Nautilus, Inc. “Guided by
our mission, the strength of our Bowflex and Schwinn brands, our
JRNY digital fitness platform, and consumer insights-driven product
development, we are poised to meet the needs of today’s consumers
as their fitness habits continue to evolve.”
Nautilus’ board of directors also includes Patty Ross
(Corporate-Governance Committee chair), Ruby Sharma (Audit
Committee chair), Shailesh Prakash (Compensation Committee chair),
and Kelley Hall. For more information on Nautilus’ leadership team,
including our current 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:
statements regarding the Company's prospects, resources or
capabilities;. 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/20220808005122/en/
Media: John Fread Nautilus, Inc. 360-859-5815
jfread@nautilus.com
Investor Relations: John Mills ICR, LLC 646-277-1254
john.mills@ICRinc.com.
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