Nautilus, Inc. Names Aina E. Konold Chief Financial Officer
December 11 2019 - 04:05PM
Business Wire
Former Gap, Inc. Executive Brings Deep
Consumer Brands Expertise
Nautilus, Inc. (NYSE: NLS) today announced that Aina Konold has
been appointed Chief Financial Officer, effective on December 10,
2019.
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the full release here:
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Nautilus Inc. hires Aina Konold as new
CFO. (Photo: Business Wire)
Konold brings over 25 years of financial management experience
to the position, and deep knowledge in consumer goods.
Additionally, she has extensive global market acumen particularly
with driving growth, and developing cost-efficient strategies and
brand revitalization initiatives.
Previously, Konold held several executive level finance
positions during her 20-year career with Gap, Inc. including senior
leadership roles across financial planning and analysis, real
estate strategy, and investor relations. Most recently, she was the
founding CFO for Gap Inc. in China where she grew store count from
four to over 175 stores. During her tenure, the business
experienced rapid revenue growth and established a business model
to achieve profitable growth. She was also instrumental in creating
practices that enabled sustainability in a constantly evolving
marketplace, particularly in the digital and e-commerce areas.
“We are fortunate to have Aina join our management team and are
confident that her strong financial background, global
intelligence, and depth of consumer goods experience are a winning
combination as we continue to execute on our key strategic
initiatives,” said Jim Barr, Nautilus, Inc. Chief Executive
Officer. “Her data-driven insights, knowledge of omnichannel
business models, and cost-effective growth approach will be
critical to our path forward as a leader in connected fitness.”
Ms. Konold commented, “Nautilus, Inc. has built a strong
reputation for product innovation, quality products and consumer
loyalty across its portfolio of brands. I’m looking forward to
joining the Nautilus leadership team as we build upon this strong
foundation and seek to return the company to a profitable growth
trajectory.”
About Nautilus, Inc.
Headquartered in Vancouver, Washington, Nautilus, Inc. (NYSE:
NLS) is a global technology-driven fitness solutions company that
believes everyone deserves a fit and healthy life. With a brand
portfolio including Bowflex®, Nautilus®, Octane Fitness®, and
Schwinn®, Nautilus, Inc. develops innovative products to support
healthy living through direct and retail channels as well as in
commercial channels. Nautilus, Inc. uses the investor relations
page of its website (www.nautilusinc.com/investors) to make
information available to its investors and the market.
This press release includes forward-looking statements
(statements which are not historical facts) within the meaning of
the Private Securities Litigation Reform Act of 1995, including:
planned investments and initiatives and the anticipated results of
such initiatives. Factors that could cause Nautilus, Inc.’s actual
results 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 sole source foreign manufacturers at
acceptable costs; an inability to pass along or otherwise mitigate
the impact of raw material price increases and other cost
pressures, including unfavorable currency exchange rates;
experiencing delays and/or greater than anticipated costs in
connection with launch of new products, entry into new markets, or
strategic initiatives; our ability to hire, retain and integrate
key management personnel, including our new Chief Financial
Officer; changes in consumer fitness trends; changes in the media
consumption habits of our target consumers or the effectiveness of
our media advertising; a decline in consumer spending due to
unfavorable economic conditions; and softness in the retail
marketplace. Additional assumptions, risks and uncertainties are
described in detail in our registration statements, reports and
other filings with the Securities and Exchange Commission,
including the “Risk Factors” set forth in our Annual Report on Form
10-K, as supplemented by our quarterly reports on Form 10-Q. Such
filings 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 may differ materially from
those set forth in the forward-looking statements. We undertake no
obligation to publicly update or revise forward-looking statements
to reflect subsequent developments, events or circumstances.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191211005863/en/
Media: John Fread Nautilus, Inc. 360-859-5815
jfread@nautilus.com Carey Kerns The Hoffman Agency 503-754-7975
ckerns@hoffman.com Investor Relations: John Mills ICR, LLC
646-277-1254 john.mills@ICRinc.com
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