Sonos Inc. Appoints New Director; CFO Saori Casey to Retire

What Happened

• Sonos, Inc. announced on July 28–29, 2026 that it expanded its board from ten to eleven members and appointed Chris Shackelton as a Class II director effective July 28, 2026. His term expires at the 2029 Annual Meeting of Stockholders.
• On July 29, 2026 Sonos also disclosed that Chief Financial Officer Saori Casey has informed the company of her intent to retire; she will remain CFO until a successor is appointed and will stay through a transition period. The company has engaged an executive search firm to identify candidates.

Key Details

• Board change: size increased from 10 to 11; Chris Shackelton appointed effective July 28, 2026 as a Class II director (term through 2029 Annual Meeting).
• Director background: Shackelton is Co‑Founder & Managing Partner of Coliseum Capital Management, has served on multiple public company boards (including Universal Technical Institute since 2016), and holds a B.A. in economics from Yale.
• Independence & compensation: the Board determined Shackelton is independent under Nasdaq rules; he will be eligible for Sonos’ standard non‑employee director compensation and an indemnification agreement.
• CFO transition: Saori Casey announced her intent to retire on July 29, 2026; Sonos is conducting a search for her successor. Casey’s retirement is not due to any dispute or disagreement with the company.

Why It Matters

• Governance: adding an independent, experienced director changes board composition and could affect oversight and strategic discussions; the Board now has eleven members.
• Leadership continuity: the CFO role is critical to financial planning, reporting and investor relations. Casey will remain through the transition, and the active search for a successor means investors should watch for announcements about the new CFO, which could influence financial strategy or market perception.
• No reported disputes or related‑party transactions were disclosed in the filing, and standard director compensation will apply.