ALPINE, Utah, Oct. 3, 2019 /PRNewswire/ -- Purple
Innovation, Inc. (NASDAQ: PRPL) ("Purple"), the leader in
comfort innovation and the creator of the renowned Purple®
Mattress, today announced that Craig
Phillips has been appointed as Chief Financial
Officer, with responsibility for both the accounting and
finance teams, effective October 1,
2019.
"Craig Phillips brings
significant depth of experience and maturity into Purple," said
Joe Megibow, Purple's Chief
Executive Officer. "Having worked with Craig as our interim-CFO
over the last two quarters, I am thrilled that he has decided to
join us full-time. Craig has been a terrific partner and has proven
himself as an exceptional leader and operator. We look forward to
leveraging his leadership as we continue to rapidly scale and
mature our company."
Mr. Phillips has accumulated over three decades of experience
with a number of organizations, including over 15 years in "Big 4"
public accounting firms serving large public and privately held
high-growth companies in a broad spectrum of industries. Over the
course of his career, Mr. Phillips has assisted companies in the
execution of public and private offerings of debt and equity
securities, as well as numerous purchase and sale transactions. Mr.
Phillips has served as Chief Financial Officer for several
privately held companies at the regional and national level in the
service, distribution, entertainment, and restaurant industries,
and most recently served as the Managing Director at FTI
Consulting. In that role, Mr. Phillips has been serving since March
of 2019 as Purple's Interim Chief Financial Officer and has
developed a deep understanding of the business.
"Over the past six months I have seen Purple continue to take
advantage of significant opportunities to expand its customer base
and execute on plans to gain efficiencies in production
capabilities. Joe has assembled an outstanding management team and
I am excited to become a permanent part of that team," said Mr.
Phillips. "We see incredible opportunity to continue finding ways
to expand growth profitably as well as take advantage of the unique
innovation capabilities at the Company."
Mr. Phillips earned a Bachelor of Business Administration in
Accounting from the University of
Georgia.
About Purple
Purple is a comfort innovation company that designs and
manufactures products to improve people's lives. It designs and
manufactures a range of comfort products, including mattresses,
pillows, and cushions, using its patented Purple® Grid technology
designed to improve comfort. The Company markets and sells its
products through its direct-to-consumer online channel, traditional
retail partners, and third-party online retailers. For more
information on Purple, visit www.purple.com.
Forward Looking Statements
Certain statements made in this release that are not historical
facts are "forward looking statements" within the meaning of the
"safe harbor" provisions of the United States Private Securities
Litigation Reform Act of 1995. Statements based on historical data
are not intended and should not be understood to indicate the
Company's expectations regarding future events. Forward-looking
statements provide current expectations or forecasts of future
events or determinations. These forward-looking statements are not
guarantees of future performance, conditions or results, and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
the Company's control, that could cause actual results or outcomes
to differ materially from those discussed in the forward-looking
statements. Factors that could influence the realization of
forward-looking statements include the risk factors outlined in the
"Risk Factors" section of our Annual Report on Form 10-K filed with
the Securities and Exchange Commission on March 14, 2019 and our Quarterly Reports on Form
10-Q filed with the Securities and Exchange Commission on
May 7, 2019 and August 13, 2019. The Company does not undertake
any obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
Media Contact
Savannah
Hobbs
Director of Communications, Purple
savannah@purple.com
ICR Public Relations
Sara
Davis
Account Supervisor
646-277-1826
PurplePR@icrinc.com
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SOURCE Purple Innovation, Inc.