Nautilus, Inc. Appoints New Main Authorized Officer Names Principal Accounting Officer
Veteran corporate legal executive with tech working experience joins executive management crew
VANCOUVER, Wash., August 09, 2021–(Business enterprise WIRE)–Nautilus, Inc. (NYSE: NLS) right now declared that it has hired Alan Chan as Chief Lawful Officer, effective August 2. Chan will guide all factors of Nautilus, Inc.’s world authorized system, such as corporate governance and compliance, mergers and acquisitions, and intellectual home. The company also introduced the appointment of Sarah Jones, previously company controller, to Principal Accounting Officer.
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Nautilus, Inc. appoints Alan Chan as chief lawful officer veteran corporate legal govt delivers comprehensive tech encounter. (Image: Business Wire)
New CLO Alan Chan brings about 20 decades of working experience, like deep lawful awareness in the regions of offer chain, intellectual residence, and technology remedies and providers.
Most lately, Chan was vice president of legal affairs and assistant company secretary for Arrow Electronics — a Fortune 150 firm and chief in furnishing technologies remedies — where he led world-wide teams with various duties. He guided and oversaw strategic initiatives, global M&A action, and reworked the company’s professional transaction tactic and exercise.
Mr. Chan commented, “I’m exceptionally thrilled to be a part of this remarkable workforce centered on the noble vision to develop a more healthy globe, a person man or woman at a time. I’ve been on a personalized health and fitness and health and fitness journey courting back again to college or university when I deemed a job in sporting activities medication. The electronic method also aligns with my knowledge in engineering, and I seem forward to contributing to our customers’ fitness journeys.”
The company also appointed Sarah Jones, Nautilus, Inc.’s previous company controller, to Principal Accounting Officer. Jones will have an expanded scope of conversation with the Nautilus Board of Administrators, be accountable for the quarterly report to the audit committee and play a bigger function in in general threat administration for the business in addition to her latest responsibilities overseeing accounting, economic shared companies, credit score and collections, SEC reporting, inventory administration, and inside command. Jones, who joined Nautilus in 2013, has held ever more higher-level accounting and corporate controller positions throughout her eight several years with the corporation.
“We are aggressively building our group with verified leaders like Alan and Sarah who give us a competitive gain as we completely transform the business for long-expression achievement,” claimed Jim Barr, Nautilus, Inc. Main Executive Office. “Their deep skills in driving our lawful and financial methods will be pivotal for executing our North Star initiatives and advancement plans.”
About Nautilus, Inc.
Nautilus, Inc. (NYSE:NLS) is a world leader in digitally connected home health and fitness methods. The company’s manufacturer relatives involves Bowflex®, Nautilus®, Schwinn®, and JRNY®, its electronic physical fitness system. With a wide selection of workout bikes, cardio devices, and power teaching solutions, Nautilus, Inc. empowers healthier living by individualized related fitness encounters and in performing so, envisions constructing a much healthier earth, a single person at a time.
Headquartered in Vancouver, Washington, the company’s goods are sold direct to client on brand name web-sites and by retail partners and are out there during the U.S. and internationally. Nautilus, Inc. takes advantage of the trader relations site of its website (www.nautilusinc.com/traders) to make details offered to its traders and the sector.
This push launch consists of ahead-looking statements (statements which are not historical info) inside the which means of the Private Securities Litigation Reform Act of 1995, like: prepared investments and initiatives and the anticipated effects of these kinds of initiatives. Variables that could cause Nautilus, Inc.’s genuine outcomes to vary materially from these forward-looking statements involve: weaker than expected desire for new or present products our capability to well timed purchase stock that meets our high quality handle criteria from sole supply foreign suppliers at acceptable costs an incapability to move alongside or usually mitigate the effect of uncooked material rate raises and other charge pressures, which include unfavorable currency exchange rates going through delays and/or greater than expected costs in connection with launch of new merchandise, entry into new markets, or strategic initiatives our means to employ, keep and combine critical administration staff, such as our new Senior Vice President and Main Electronic Officer improvements in consumer health traits adjustments in the media intake practices of our concentrate on individuals or the effectiveness of our media advertising a decrease in buyer spending owing to unfavorable economic ailments and softness in the retail marketplace. Added assumptions, risks and uncertainties are described in depth in our registration statements, studies and other filings with the Securities and Trade Fee, like the “Threat Aspects” established forth in our Yearly Report on Variety 10-K, as supplemented by our quarterly studies on Kind 10-Q. These kinds of filings are obtainable on our internet site or at www.sec.gov. You are cautioned that these types of statements are not guarantees of potential efficiency and that our actual success may well vary materially from those people set forth in the ahead-wanting statements. We undertake no obligation to publicly update or revise forward-on the lookout statements to replicate subsequent developments, activities or conditions.
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Contacts
Media Contacts:
John Fread
Nautilus, Inc.
360-859-5815
[email protected]
Carey Kerns
The Hoffman Agency
503-754-7975
[email protected]
Investor Relations:
John Mills
ICR, LLC
646-277-1254
[email protected]