On May 10, 2023, Sonos, Inc. announced that Julius Genachowski has been appointed Chairperson of the Board of Directors (the "Board"). Former Board Chairperson Mike Volpi, who served as Board Chairperson from November 2010 to May 2023, will continue to serve on the Board as an independent director. Mr. Genachowski and Mr. Volpi have served as directors on the Board since September 2013 and March 2010, respectively.
Sonos, Inc. designs, develops, manufactures and sells audio products and services. The Company has developed multi-room, wireless audio products. Its platform has a broad range of more than 130 streaming content providers, such as Apple Music, Spotify and Pandora. The Company outsources the manufacturing of its speakers and components to contract manufacturers, who produce its products based on its design specifications. Its product categories include speakers, portable speakers, home theater, sets, architectural, audio components and accessories. The Company's products include Arc, Beam (Gen 2), Ray, Era 100, Era 300, Roam, Move 2, Sub (Gen 3), Sub Mini, Five and Amp. Its partner products include Sonos Pro, Audi Partnership, Sonos Radio HD, Sonos Radio, Sonos Architectural by Sonance, IKEA module units and accessories. Its Move 2 product is a portable, battery-powered smart speaker that delivers spacious stereo sound, with water-resistant design for outdoor and indoor listening.