Sonos Announces Patrick Spence To Step Down As CEO; Tom Conrad Appointed Interim CEO

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SONOS INC

SONO

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Patrick Spence to Step Down as CEO and Board Member

Tom Conrad Appointed Interim CEO

Sonos, Inc. (NASDAQ:SONO) today announced that the Sonos Board of Directors and Patrick Spence have agreed that Mr. Spence will step down as Chief Executive Officer (CEO) and as a member of the Board effective today. The Board has appointed Tom Conrad, an independent member of the Board since 2017, as Interim CEO, also effective as of today. The Board has initiated a search for its next CEO with the assistance of a leading executive search firm, and is committed to identifying a leader who will build on the Sonos legacy of innovation and excellence in serving its customers while also driving profitable growth. This leadership change is unrelated to the Company's fiscal first quarter results, which will be reported on February 6, 2025, and for which the Company is providing no update at this time.

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