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From Home Furnishing Business

Purple CEO Steps Down

Online mattress producer Purple (NASDAQ: PRPL) has announced that CEO Sam Bernards has stepped down to pursue other opportunities. Co-founder and chairman of the board, Terry Pearce will serve as interim CEO until a permanent replacement is found.

"On behalf of the entire board, I want to thank Sam for his numerous contributions to Purple's recent success," said Pearce. "Under Sam's leadership, we dramatically expanded our sales, operations and brand awareness, strengthened our executive team, and completed our transition to a public company.”

Pearce continued, “With Sam's help we have built a strong foundation for future growth and we believe that the organization is well positioned to continue executing our strategic plans as we look for a new CEO to lead Purple through the next phase of its dynamic evolution as a public company."

The board of directors will work with an executive search firm to find a suitable replacement.

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