×
You will be redirected back to your article in seconds

Sonos Swaps Out CEO, Founder to Stay With Company

Connected home audio equipment maker Sonos announced a major leadership transition Tuesday, with founding Sonos CEO John MacFarlane stepping down from his post. MacFarlane is being replaced by Patrick Spence, who joined Sonos as chief commercial officer in 2012.

“As the founder and CEO of Sonos, I am always trying to find leaders who are capable of taking Sonos to the next level,”  MacFarlane wrote in a blog post announcing the move. “Part of that means assessing my own role. With Sonos now poised for a new phase of growth, I am excited to pass the role of Chief Executive Officer to a well-prepared Patrick Spence.”

MacFarlane announced that he will remain a Sonos employee, but the New York Times reported Tuesday that he is also ceding his board seat at the 15-year-old company.

Sonos has long been considered a leader in the internet-connected audio space, single-handedly introducing the product category over a decade ago. But more recently, Sonos has seen growing competition from smart speakers like Amazon’s Echo that offer voice control and the ability query cloud-based assistants.

As a result, Sonos was forced to lay off staffers last year, and changed course to work with some of its competitors: In August, the company announced a partnership with Amazon on voice control; late last year, Sonos began a beta test that allows consumers that own both Amazon’s Echo and Sonos speakers to control the latter via the former.

More Digital

  • Tencent's Penguin Pictures Amps up Documentary

    Tencent's Penguin Pictures Amps up Documentary Mission

    Tencent Penguin Pictures grew out of Tencent Video to bring content to the Chinese tech giant’s video streaming platform — one of the world’s largest by user numbers. It is distinct from Tencent Pictures, another production division, which is more closely tied to Tencent’s own IP through its online literature, comics and gaming sectors. Penguin’s [...]

  • FilMart: HBO Asia CEO Jonathan Spink

    FilMart: HBO Asia CEO Jonathan Spink Praises Local Content Strategy

    CEO of HBO Asia since 2003, Jonathan Spink has seen the growth of pay-TV in Asia, the moves towards content localization and original production, and has faced up to the challenge of internet-based streaming services. He joins Variety on Monday in a keynote presentation at Hong Kong’s FilMart, and is expected to unveil an expanded [...]

  • Amazon Prime Video Direct

    Amazon's Prime Video Direct Is Cutting Royalty Fees for Low-Engagement Content

    Amazon is rejiggering the payment structure for its Prime Video Direct self-publishing program to reward the highest-performing content with higher rates — while reducing royalty rates for less-popular titles. Starting April 1, 2019, the standard license fee for all titles made available through Amazon’s Prime Video Direct for Prime subscription access in the U.S. will [...]

  • snapchat-logo

    Snapchat Said to Launch Gaming Inside Its App

    Snapchat is set to unveil a mobile gaming platform for its app at a partner event next month, according to a new Cheddar report. The platform will allow developers to distribute games within Snapchat’s app, according to the report. A Snapchat spokesperson declined to comment. Snapchat’s corporate parent Snap is set to hold its first [...]

More From Our Brands

Access exclusive content