Sonos appoints Tom Conrad as permanent CEO after interim role

SANTA BARBARA - Sonos, Inc. (NASDAQ:SONO) announced Wednesday the appointment of Tom Conrad as Chief Executive Officer, effective immediately, following his six-month tenure as Interim CEO. The appointment comes at a crucial time for the company, which according to InvestingPro data, maintains a strong balance sheet with cash exceeding debt and management actively pursuing share buybacks.

Conrad, who has served on the Sonos Board of Directors since 2017, will continue in his board role while assuming permanent leadership of the audio technology company.

According to a company press release, Conrad’s appointment comes after a "comprehensive and competitive search" by the board, which determined he was "the best person to lead Sonos into its next chapter."

Board Chair Julius Genachowski cited Conrad’s success in "restoring urgency and a deep commitment to delivering ever-improving experiences" during his interim leadership period. The company highlighted recent progress under Conrad’s direction, including quality improvements to Sonos software and launching enhancements to flagship products Sonos Ace and Arc Ultra.

Conrad brings over three decades of consumer technology experience to the role. His previous positions include CEO of Zero Longevity Science, Chief Product Officer at Quibi, Vice President of Product at Snap Inc., and Chief Technology Officer at Pandora, where he helped develop the music streaming service’s personalized experience.

"Since the beginning of this year, we’ve reestablished clarity, focus, and momentum at Sonos," Conrad said in the statement. "We’ve dramatically improved our software products and recommitted to delivering the kind of premium experience our customers expect."

Sonos also confirmed its third quarter 2025 earnings call will take place on August 6, 2025, to discuss results for the quarter ended June 28, 2025. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with three additional ProTips and comprehensive financial metrics available to subscribers. The company’s current price-to-book ratio stands at 3.37, with analysts setting price targets ranging from $7 to $15 per share.

In other recent news, Sonos Inc. reported its financial results for the second quarter of 2025, surpassing earnings expectations. The company achieved an actual earnings per share (EPS) of -$0.18, which was better than the forecasted -$0.36. Revenue for the quarter reached $260 million, slightly above the anticipated $253.52 million. These results indicate a positive development for Sonos, as they exceeded both earnings and revenue projections. Following the earnings announcement, the market responded positively to the company’s performance. Additionally, analysts have taken note of Sonos’s recent financial results, with some firms likely to adjust their outlook on the company. Investors will be keen to watch how these developments influence future forecasts and market positions for Sonos.

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