Sonos Announces CFO Transition

Sonos, Inc. (Nasdaq: SONO) today announced that Brittany Bagley, the Company’s Chief Financial Officer (CFO), is stepping down to pursue another professional opportunity. Eddie Lazarus, the Company’s Chief Legal Officer (CLO) will succeed Ms. Bagley as interim CFO effective Sept. 1, 2022.

“Brittany has been an outstanding contributor to Sonos’ growth both on the board and since joining the executive team over three years ago. She played an instrumental role in new market and category expansion while driving financial performance and increasing shareholder value and the strength of our balance sheet. We thank her for all her contributions to Sonos, and wish her well in her next role,” said CEO Patrick Spence. “Eddie has exceptional management experience in key financial disciplines including capital allocation and strategic planning, and is well qualified to lead our finance function. I look forward to partnering even more closely with Eddie on executing Sonos’ key business and financial priorities moving forward.”

Eddie Lazarus has served as Sonos’ Chief Legal Officer since 2019. In addition to his CLO duties, Mr. Lazarus has played an active role in the Company’s strategic planning and also provided day-to-day guidance for the finance organization during Ms. Bagley’s parental leave last year. Prior to joining Sonos, Mr. Lazarus served as General Counsel and Chief Strategy Officer for Tribune Media Company from 2013 to 2018, where he played an integral role in the development and execution of Tribune’s financial and business strategies, which included the spin-off of multiple assets, the $2.7 billion acquisition of Local TV Holdings and Tribune’s subsequent $7.2 billion sale to Nexstar. He also advised on key capital markets offerings. Since 2015, Mr. Lazarus has served on the board of directors of the Sequoia Fund, a concentrated long-only equity fund.

“I am proud of all that we accomplished during the more than three years I have been CFO,” said Brittany Bagley. “Our focus on operational excellence and financial discipline as well as product innovation, including key acquisitions and strategic expansions, has enabled us to create a fundamentally stronger business that is well positioned for the long-term. I want to express my gratitude to the entire team at Sonos for their support and contributions. I will always be a fan of Sonos and its products, and I wish Patrick, Eddie and the entire company continued success in the years to come.”