Sleep Number CFO to step down, shares fall

Sleep Number

27/01/2023 16:06

** Shares of bed maker Sleep Number Corp  SNBR.O  down ~3%
at $30.75 in early trade
    ** Company says CFO David Callen is stepping down, effective
Jan. 30, to pursue other opportunities 
    ** Adds he will continue to serve in a financial advisory
role through March 3
    ** Chris Krusmark, SNBR's chief human resources officer,
will assume the role of interim CFO until a permanent
replacement is appointed
    ** Company says it has retained a executive search firm to
scout for a new CFO
    ** SNBR says it expects to report 2022 net sales of $2.04
mln and EPS of $1.60; it is set to report results on Feb. 22
    ** Up to Thursday's close, stock had fallen ~55% in the last
12 months
 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))