In addition to releasing earnings today, Solo Brands (NYSE: DTC), makers of the popular Solo Stove announced a transition plan for their CFO last February. Today they announced their appointment of their new CFO, Somer Webb, effective May 16th. Their current CFO, Sam Simmons, will help support the transition and remain at Solo Brands to ensure it happens smoothly.
Sam has been an integral part of the Solo Brands team, and I appreciate his hard work and dedication to the company. I thank Sam for his many contributions and wish him well in his future endeavors.John Merris, Chief Executive Officer
From the press release announcing the appointment, Somer brings over 15 years of financial experience to Solo Brands. She has extensive experience in financial planning and analysis, M&A and driving organic growth through business intelligence insights. She joins Solo Brands from Kent Outdoors, a sporting goods manufacturer, where she was Chief Financial Officer.
Prior to Kent Outdoors, Somer spent the last six years at Worldwide Express, a global logistics provider, where she held a variety of roles of increasing responsibility beginning in 2016 and ultimately served as CFO from February 2019 to January 2022. Before joining Worldwide, Somer held leadership positions at DaVita, Match Group, Amazon, and Yum Brands. Ms. Webb holds a B.B.A. in Management Information Systems from Baylor University and an M.B.A. from University of Texas at Arlington.
Solo Brands also announced that it’s adding two new members to its Board of Directors, Mike Dennison and Dave Prowers.
Mike’s experience leading an innovation-focused company, combined with his background in global logistics, will be invaluable to us as we continue to grow our business. Dave brings a wealth of merchandising and retail experience to our Board. We look forward to the insights and perspectives both Dave and Mike bring to our Board to enable our brands to realize their full potential.John Merris, CEO
A short bio was included in the press release on each new board member, it’s included below.
Mike Dennison has been the Chief Executive Officer of FOX Factory Holdings Corp since 2019. He joined the company in 2018 as President, Powered Vehicles Group, and serves on the company’s Board of Directors. Prior to joining FOX, Mike served as President and Chief Marketing Officer for Flex Ltd. During his 20-year tenure at Flex, he held a variety of leadership roles, from leading the procurement and global supply chain organizations to serving as Senior Vice President of Business Management for both the High-Velocity Solutions group and the Mobile and Consumer Segment. Mike earned a Bachelor of Arts degree in liberal arts from Oregon State University in 1989 and most recently is accredited by Harvard Business School in executive courses.
Dave Powers serves as President and CEO of Deckers Brands, a global footwear and apparel company. He joined Deckers in 2012 and held a variety of roles before being promoted to President in 2016. Dave has over 20 years of experience in merchandising, concept development and leadership of global retail operations at brands such as Converse and Timberland. Dave was named a 2020 Businessperson of the Year by Fortune magazine. Dave graduated Cum Laude from Northeastern University with a Bachelor’s degree in marketing.