VANCOUVER, Wash. – (BUSINESS WIRE) – Nov. August 2021–
Nautilus, Inc. (NYSE: NLS) announced today that Alan Chan has been appointed Chief Legal Officer effective August 2nd. Chan will lead all aspects of Nautilus, Inc.’s global legal strategy, including corporate governance and compliance, mergers and acquisitions, and intellectual property. The company also announced the appointment of Sarah Jones, formerly Corporate Controller, as Principal Accounting Officer.
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Nautilus, Inc. Appoints Alan Chan as Chief Legal Officer; Veteran Corporate Legal Executive brings extensive technical experience to the table. (Photo: Business Wire)
The new CLO Alan Chan brings over 20 years of experience, including in-depth legal knowledge of supply chain, intellectual property, and technology solutions and services.
Most recently, Chan was Vice President of Legal Affairs and Assistant Corporate Secretary at Arrow Electronics – a Fortune 150 company and leader in technology solutions – where he led global teams with diverse responsibilities. He led and oversaw strategic initiatives, global M&A activities, and transformed the company’s commercial transaction strategy and practice.
Mr. Chan commented, “I am incredibly excited to join this great team focused on the noble vision of building a healthier world, one person at a time. I was on a personal health and fitness journey that dates back to college when I was considering a career in sports medicine. The digital strategy is also in line with my experience in technology and I look forward to contributing to our customers’ fitness journey. “
The company also appointed Sarah Jones, the former corporate controller of Nautilus, Inc., as principal accounting officer. Jones will have an expanded area of interaction with the Nautilus board of directors, be responsible for the quarterly report to the audit committee, and play a greater role in overall risk management for the company in addition to her current responsibility for overseeing accounting, joint financial services, credit and collections , SEC reports, inventory management and internal control. Jones, who joined Nautilus in 2013, held senior positions in accounting and corporate controller throughout her eight years with the company.
“We are aggressively building our team with proven leaders like Alan and Sarah who give us a competitive advantage as we transform the business for long-term success,” said Jim Barr, Chief Executive Office of Nautilus, Inc. Execution of our legal and financial strategies will be critical to the execution of our North Star initiatives and growth plans. “
About Nautilus, Inc.
Nautilus, Inc. (NYSE: NLS) is a leading global provider of digitally connected home fitness solutions. The company’s family of brands includes Bowflex ®, Nautilus ®, Schwinn ® and JRNY ®, its digital fitness platform. With a wide variety of exercise bikes, cardio machines, and strength training products, Nautilus, Inc. enables healthier lives through personalized, connected fitness experiences; envisioning building a healthier world, one person at a time.
Headquartered in Vancouver, Washington, products are sold direct to consumers through branded websites and retail partners, and are available in the US and internationally. Nautilus, Inc. uses the Investor Relations page 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: proposed investments and initiatives and the expected results of such initiatives. Factors that could cause actual results from Nautilus, Inc. to differ materially from these forward-looking statements include: weaker than expected demand for new or existing products; our ability to timely acquire inventory that meets our quality control standards from overseas manufacturers from a single source at an acceptable cost; the inability to pass on or otherwise mitigate the effects of raw material price increases and other cost pressures, including unfavorable exchange rates; Delays and / or higher than expected costs associated with new product launches, entry into new markets, or strategic initiatives; our ability to hire, retain and integrate key executives, including our new Senior Vice President and Chief Digital Officer; Changes in consumer fitness trends; Changes in the media consumption habits of our target consumers or the effectiveness of our media advertising; a decrease in consumer spending due to adverse economic conditions; and softness in the retail market. Additional assumptions, risks, and uncertainties are fully described in our registration statements, reports, and other filings with the Securities and Exchange Commission, including the “Risk Factors” set out in our Annual Report on Form 10-K, supplemented by our Quarterly Reports on Form 10- Q. Such submissions 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 could differ materially from those shown in the forward-looking statements. We assume no obligation to publicly update or revise any forward-looking statements to reflect future developments, events or circumstances.
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SOURCE: Nautilus, Inc.
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PUB: 09/08/2021 09:00 / DISC: 09/08/2021 09:02
Copyright Business Wire 2021.