Purple Innovation, Inc. Announces Management Changes
August 24, 2021 at 04:46 pm EDT
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On August 18, 2021, Craig L. Phillips, Chief Financial Officer of Purple Innovation, Inc. (the Company"), and the Company determined that Mr. Phillips' last day of employment as the Chief Financial Officer of the Company
will be August 31, 2021. On August 19, 2021, in connection with the departure of Craig L. Phillips as the Company's Chief Financial Officer, the Board of Directors (the Board") of the Company appointed Bennett Nussbaum to serve as the Interim Chief Financial Officer. Prior to joining Purple, Mr. Nussbaum, age 74, served as the Interim Chief Financial Officer of American Megatrends, Inc. from about April 2019 to September 2020.
Purple Innovation, Inc. is a mattress company. The Company offers a variety of branded and premium comfort products, including mattresses, pillows, cushions, bases, sheets and others. It develops its products, through its proprietary gel technology, Hyper-Elastic Polymer. It has three mattress collections: Essentials, including the New Day, The Purple Mattress and The Purple Plus; Premium, including Restore, RestorePlus and RestorePremier, and Luxe, including Rejuvenate, RejuvenatePlus and RejuvenatePremier. It sells eight pillow models: The Purple Harmony Pillow, the Purple Freeform Pillow, the Purple DreamLayer Pillow, the Purple Harmony Anywhere Pillow, the Purple Pillow, the Purple Twin Cloud Pillow, the Purple Cloud Pillow and the Kids Pillow. It sells two types of sheets and pillowcases: Softstretch and Complete Comfort. Its Purple PerfectStay Duvet cover offers a patent-pending lay-and-zip design. It has two types of bases: The Purple Premium and Purple Premium Plus smart.
PURPLE INNOVATION, INC. 
