industry

Falcone Out as Nautilus CEO

April 8, 2008

Source: http://fitnessbusinesspro.com/news/nautilus-ceo-falcone-bramson-2303/

Edward Bramson has made his way into the CEO position at Nautilus, just three months after Sherborne Investors, the group that Bramson is a partner in, won a proxy fight that put Sherborne Investors in control of Nautilus’ board and Bramson in as chairman of the board.

On Wednesday, Robert Falcone, a former Nike executive who had been named CEO of Nautilus last summer (replacing Gregg Hammann), was replaced by Bramson in that role. Sherborne Investors owns 23.5 percent of Nautilus’ stock and won four of the seven board positions in the December shareholder election. At that time, the board retained Falcone in the CEO role.

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		Nielsen Sports Group

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