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From Home Furnishing Business

Sleep Number CFO Steps Down, Company Begins Search for Replacement

Sleep Number Corporation announced that Executive Vice President and Chief Financial Officer David Callen is stepping down from his position to pursue other opportunities, effective Jan. 30. He will continue to serve in a financial advisory role through March 3, as the company executes a smooth transition through the report of its 2022 financial results.

Callen has been a part of the Sleep Number executive leadership team since April 2014, overseeing the company’s financial performance during its transition from mattress retailer to wellness technology leader. His departure is not the result of disagreements with the company on any subject, including its operations, policies, or practices.

Sleep Number Executive Vice President and Chief Human Resources Officer, Chris Krusmark, will assume the role of interim Chief Financial Officer, effective Jan. 30, until a permanent replacement is appointed.

He will work closely with the company’s experienced financial leadership team, including Dave Schwantes, Vice President of Finance - Investor Relations and FP&A. Krusmark started with Sleep Number in 2005 and held several financial leadership roles supporting operations, sales, real estate, marketing, and product innovation.

He then transitioned to Vice President of Sales Operations, Field Services and Training in 2015. In 2020, he was promoted to Senior Vice President and Chief Human Resources Officer. Prior to joining Sleep Number, Krusmark served in the assurance and advisory practices as a Certified Public Accountant with EY and Arthur Andersen.

Sleep Number has retained Korn Ferry, a leading executive search firm, to conduct a search for a permanent CFO.

“On behalf of the Board and our team, I’d like to thank David for his many contributions to Sleep Number,” said Shelly Ibach, chair, president and CEO, Sleep Number.

“He has played a significant role in strengthening our competitive advantages, progressing our capital deployment, and delivering value to stakeholders. We are grateful for his dedication and wish him well in his next endeavors.”

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