VANCOUVER, Wash.–(BUSINESS WIRE)–Nautilus, Inc. (NYSE:NLS), a leader in personalized, connected home fitness, today announced that current Board Member Anne Saunders has assumed the role of CEO, effective August 2.
The appointment of Ms. Saunders to this position was confirmed by the Nautilus Board of Directors following last Tuesday’s AGM. M. Carl Johnson, III previously held this position since 2011 and announced his retirement earlier this year.
In her ten years of service on the Nautilus Board, Saunders served as Chair of the Nominating and Corporate Governance Committee and as a member of the Audit and Compensation Committees.
“I am very excited to take on this new role, especially at a time of transformation for Nautilus. Our focused strategy and the uniqueness of JRNY, our personalized workout app, fuels my confidence that we will be at the forefront of connected fitness,” said Saunders. “I’m honored to work with the outstanding Nautilus team and talented, passionate Board of Directors.”
An accomplished business leader with a track record of accelerating revenue growth through innovation, Saunders currently holds various non-executive directorships at WD-40 and Swiss Water Decaffeinated Coffee, Inc. in addition to her role at Nautilus. Previously, she held senior leadership positions running various consumer products and subscription digital companies including NakedWines.com, FTD, a global flowers and gifts company, Redbox and Starbucks. Ms. Saunders holds a BA from Northwestern University and an MBA from Fordham University.
“Anne continues to bring to the board an unmatched passion for business growth and a deep-rooted understanding of the consumer market that has helped us drive our digital transformation,” said Jim Barr, CEO of Nautilus, Inc. “Guided by our mission, Strength Through 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 evolve.”
The Nautilus Board of Directors also includes Patty Ross (Chair of the Corporate Governance Committee), Ruby Sharma (Chair of the Audit Committee), Shailesh Prakash (Chair of the Compensation Committee) and Kelley Hall. For more information on the 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 family of brands 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. enables healthier living through personalized, connected fitness experiences; and imagines building a healthier world, one person at a time.
Headquartered in Vancouver, Wash., the company’s products are sold direct to consumers through branded websites and through retail partners, and are available throughout the United States and internationally. Nautilus, Inc. uses the Investor Relations section of its website (www.nautilusinc.com/investors) to provide information to its investors and the market.
This press release contains forward-looking statements (statements that are not historical facts) within the meaning of the Private Securities Litigation Reform Act of 1995, including: statements about the Company’s prospects, resources or ability; All of these forward-looking statements are subject to risks and uncertainties, which are subject to 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 purchase inventory that meets our quality control standards from foreign manufacturers from a single source at a reasonable cost; risks related to actual and potential delays, work stoppages or supply chain disruptions, including shipping delays due to the severe shortage of shipping containers; an inability to pass on or otherwise mitigate the effects of increases in commodity prices and other cost pressures, including unfavorable exchange rates and increased shipping costs; delays and/or higher than anticipated costs related to new product launches, 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 usage habits of our target customers or the effectiveness of our media advertising; a decrease in consumer spending due to unfavorable economic conditions; risks related to the impact of the COVID-19 pandemic or similar public health crises on our business; softness in the retail market; the availability and timing of capital to fund our strategic initiatives, including the ability to raise capital on favorable terms or at all; Changes in financial markets, including changes in credit markets and interest rates that affect our ability to access those markets on favorable terms, and the effect of future impairments. Additional assumptions, risks and uncertainties are detailed 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 supplemented by our Quarterly Reports on Form 10-K. Q These filings are available on our website or at www.sec.gov. You are cautioned that any such statements are not guarantees of future performance and that our actual results could differ materially from those contained in the forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements to reflect subsequent developments, events or circumstances.
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