Sonos announced that Brittany Bagley will join the company's executive management team as its new Chief Financial Officer, effective April 22, 2019. Bagley replaces current CFO Mike Giannetto who will retire in June, after ensuring an orderly transition. Bagley will be responsible for all financial, accounting, corporate development, and investor relations functions within the company, as well as overseeing the real estate and facilities organizations.

She will report to Sonos CEO Patrick Spence and be based out of the company's Santa Barbara headquarters. Bagley was previously a Managing Director at KKR & Co., where she has held various roles on the technology, media, and telecom (TMT) private equity team since 2007. Bagley was a member of KKR's original Sonos investment team in 2012 and has served on the Sonos Board for the past two years.

In anticipation of assuming her new role, Bagley is stepping down from the Sonos Board of Directors, effective immediately. As a result, the Board appointed Karen Boone to serve on its Compensation Committee and Thomas Conrad to serve as the Chairman of the Compensation Committee and reduced the size of the Board from eight to seven members. Bagley has served as a Director on the boards of Sonos, Savant, Transphorm and WebMD, working closely with company leadership to develop long-term strategies and drive growth.