Sleep Number (SNBR) announced that Shelly Ibach has shared her plans to retire as Chair, President and Chief Executive Officer, no later than the 2025 annual meeting. Pursuant to its established succession plan, the board has engaged an independent executive search firm to help identify Ibach’s CEO successor. To support an effective transition, Ibach will continue to serve as Chair through the conclusion of the 2025 annual meeting and has agreed to serve as a strategic advisor to the new CEO and board through the end of 2025, the company added.
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