Sonos CFO Michael Giannetto will retire later this year

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Sonos CFO Michael Giannetto will retire later this year

At the tail quit of its shareholder letter for Q1 2019, Sonos disclosed that the firm’s chief monetary officer, Mike Giannetto, will seemingly be retiring “later this year.” Giannetto has been with Sonos for seven years, helping to files the firm via its IPO wait on in August of 2018.

As for who will win over the aim: Sonos isn’t certain yet. They’ve employed a search agency to relief them come by a new CFO, but CEO Patrick Spence writes that Giannetto “will relief with that search and be around as lengthy as we need him to be obvious a delicate transition.”

Sonos inventory dipped by about 17 % without lengthen after the news was as soon as announced (from $12.37 at market terminate to $10.42 after hours) but has climbed its way wait on up a tiny bit to around $eleven.Seventy six per share.

Memoir constructing…

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