Sonos Inc. announced Wednesday afternoon that it was hiring Brittany Bagley, who has served on the company’s board of directors, to become its new chief financial officer.
Bagley, a 12-year veteran of KKR & Co Inc. KKR, +1.46% , led private-equity investments in her role as a managing director of the firm’s tech team. She was part of the original KKR team that invested in Sonos SONO, -1.35% back in 2012 and has been a member of Sonos’ board of directors for the past two years. Bagley will be relinquishing her board role effective immediately.
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“Brittany deeply understands the financial markets, M&A, and how investors think,” Chief Executive Patrick Spence wrote in a note to employees.
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Bagley takes over for Mike Giannetto, Sonos’ current CFO, who has been in that role since 2012. The maker of smart speakers previously announced Giannetto’s intent to retire in conjunction with the company’s last quarterly earnings report.
“Despite the incredible success to date, I still see so much upside potential with rapid growth in the category, extending our product experience outside the home, and continued geographic expansion,” Bagley said in Wednesday’s release.
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Sonos went public in August 2018 at $15 a share, but its stock recently changed hands near $11. The stock has gained 9% over the past three months, while the S&P 500 SPX, +0.21% has risen 17%.
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