On January 24, 2023, Sleep Number Corporation appointed Chris Krusmark as the interim Chief Financial Officer (CFO) of the Company to succeed David Callen, who will be stepping down as CFO, in each case effective as of January 30, 2023. The Company has engaged Korn Ferry, a leading executive search firm, and is conducting a search process to fill the CFO role on a permanent basis. Krusmark, 43, is currently serving as the Company's Executive Vice President and Chief Human Resources Officer, a role he has held since July 2020.

Previously, Krusmark served as the Company's Vice President of Sales Operations, Field Services and Training. Krusmark started with the Company in 2005 and held several financial leadership roles supporting operations, sales, real estate, marketing, and product innovation. Prior to joining Sleep Number, Krusmark served in the assurance and advisory practices as a Certified Public Accountant with EY and Arthur Andersen.

Callen will continue to serve in an advisory role to the Company through March 3, 2023, supporting the transition and the Company's reporting of its fiscal year 2022 financial results.