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From Home Furnishing Business
Purple Announces CFO Exit
August 30,
2021 by Laurie Northington in Business Strategy, Industry 
Purple Innovation, Inc. (NASDAQ: PRPL) has announced that Chief Financial Officer Craig Phillips and the company have determined to separate, effective August 31, 2021. Purple has engaged an executive search firm to identify Phillips' successor.
The company has appointed Bennett Nussbaum to serve as interim CFO. Nussbaum is a global financial executive and senior adviser with over 45 years of experience including roles as Chief Financial Officer at Pepsi-Cola International, Burger King and FedEx Office.
"On behalf of the board and entire company, we wish Craig all the best in his future endeavors,” said Joe Megibow, CEO. “With an experienced finance team in place, combined with the addition of a seasoned financial executive in Bennett, we are confident in our finance team's ability to support Purple while we identify and appoint a permanent CFO."
Phillips' departure is not related to the company's operations, financial reporting or controls.