Team,

Earlier this morning, I committed to you to share the truth. In that spirit, I want to share some changes I am making to simplify our leadership structure and flatten our Product organization.

With my stepping in as CEO, the Board, Max, and I have agreed that my background makes the Chief Product Officer role redundant. Therefore, Max’s role is being eliminated and the Product organization will report directly to me. I’ve asked Max to advise me over the next period to ensure a smooth transition and I am grateful that he’s agreed to do that.

Max’s tenure represents an iconic era for Sonos products, including the award-winning Sonos One, Beam, Move, Ace, Arc and Arc Ultra, establishing Sonos as the world leader in home theater audio and setting the foundation for our next chapter. These achievements are a testament to the talent, passion, and creativity that define our Product team, and Max has been a leading part of all of that.

I shared this news openly with the Sonos leaders yesterday with the intention that these leaders would share the update as needed with their teams. Unfortunately this news quickly made its way outside the organization. While this is frustrating for all of us, I will not let the possibility of a leak change our ability to communicate openly with one another. So I’m going to keep telling you the truth.

I know this is a lot of change to absorb in two days and I want to thank you for your resilience, continued commitment to Sonos and support of each other during this time.

Tom