Nautilus, Inc. (NYSE: NLS) today announced that its Board of Directors has named Bruce M. Cazenave as Chief Executive Officer and M. Carl Johnson, III has been elected Non-Executive Chairman of the Board. Mr. Edward J. Bramson has relinquished his role as Chief Executive Officer and Chairman of the Board and resigned from the board effective May 26, 2011.
“We are pleased to have two exceptional executives lead Nautilus forward in the roles of chief executive officer and non-executive chairman now that our operational and financial turnaround is complete,” stated Bramson, Chairman and Chief Executive Officer of Nautilus, Inc. “Bruce and Carl bring an extensive track record of successfully creating and building multi-billion dollar consumer brands. Their key leadership roles with consumer products companies that are moving forward from their turnaround phase to sustained profitable growth is an ideal fit for Nautilus. I believe their backgrounds, combined with the current management talent at Nautilus, will further strengthen the company’s ability to become a leading global fitness products company.”
Mr. Bramson continued, “I joined Nautilus as Chairman in late 2007 and became Chief Executive Officer in April 2008. During this time, the Nautilus team has achieved a remarkable transformation despite the difficult economic and consumer credit headwinds. We believe the company is now well positioned to move forward and to continue to capitalize on its achievements thus far.”
Mr. Cazenave brings to Nautilus over 20 years of senior executive leadership and an extensive background running divisions of premier global consumer products companies. He previously served in several key executive roles, all with a focus on profitable growth, including Vice President / G.M. at Black and Decker, Chief Operating Officer for Timberland - Europe, and President and CEO of Dorel Juvenile Group, a leading provider of children’s products and a subsidiary of Dorel Industries. More recently, Mr. Cazenave served as President of Central Garden and Pet’s Garden Décor Group.
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