Sonos has appointed Chris Shackelton to its board of directors as the audio company continues adding directors with expertise aligned with its strategy. Shackelton is a co-founder and managing partner of Coliseum Capital Management, a long-term Sonos shareholder. He brings experience in public-market investing, corporate strategy, financial markets and capital allocation.
His appointment follows several recent additions to the Sonos board involving executives with experience across artificial intelligence, product development, hardware, finance and public-company leadership.
Sonos said Shackelton has developed a relationship with the company over the past four years and supports its current strategy and leadership team.
Shackelton currently serves on the board of Universal Technical Institute. His previous directorships include Rural/Metro, Interstate Hotels & Resorts, Advanced Emissions Solutions, LHC Group, ModivCare, BioScrip, Medalogix, Lazydays Holdings and Gildan Activewear.
Shackelton said Sonos’ balance sheet and potential cash flow provide several strategic and capital-allocation opportunities that could generate long-term returns for shareholders.
Sonos develops connected audio products, including home theater speakers, components, portable and plug-in speakers, and headphones. The company’s products are used in more than 17 million households across over 60 countries.
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“Chris brings a deep and valuable perspective on our business, and extensive experience as a public market investor and public company director. He’s built a strong relationship with us over the past four years, and we’re pleased to strengthen our board with a director of his caliber and a shared focus on creating value for shareholders.”
Julius Genachowski, Chair of the Sonos Board of Directors
“Over the past year and a half, we’ve been building a board suited to where we’re taking Sonos, adding leaders with deep expertise across AI, product, hardware, public-company leadership and finance. Adding Chris is a natural step.”
“I’ve gotten to know him well over my time as CEO, and he brings the thoughtful viewpoint of an investor who sees the opportunity in this business the way we do. I look forward to his partnership as we execute on our strategy.”
Tom Conrad, CEO of Sonos
“It’s an honor to join the Sonos Board. We’ve been shareholders for many years, and I believe the opportunity ahead is bigger than it’s ever been. I fully support the company’s strategy and the team.”
“With a healthy balance sheet and strong cash flow potential, there are multiple strategic and capital allocation pathways to drive compelling returns for shareholders. I look forward to partnering with Tom, Julius and the Board to build durable, long-term value.”
Chris Shackelton, Co-Founder and Managing Partner of Coliseum Capital Management
