Nautilus, Inc. announced that its Chairman, M. Carl Johnson, III, will be retiring from its Board of Directors effective August 2.
Johnson joined Nautilus’ Board of Directors in 2010 and has been Chairman since 2011. He also served as the company’s interim CEO from February 2019 through July 2019. An industry veteran of the consumer packaged goods industry, Johnson previously served as an executive vice president at J.M Smucker Company and held senior management roles at Del Monte Foods, Big Heart Pet Brands, Campbell Soup Company, Kraft Foods, and Colgate-Palmolive.
“It’s been an honor and privilege to serve on the Nautilus board over the last twelve years,” Johnson said. “Backed by a seasoned group of directors and an outstanding executive leadership team, Nautilus is on a path to a profitable scale. I’m eager to see how the company will continue to evolve to meet the needs of today’s consumers while delivering on its core vision to make the world a healthier place, one person at a time.”
Over the last few years, Johnson helped lead the company’s efforts to revitalize its Board, bringing in corporate leaders with fresh perspectives and diverse backgrounds to supplement the understanding of Nautilus’ business offered by long-time directors. Since 2020, Nautilus has added four board members to enhance oversight of the company’s strategic goals and expand its knowledge and capabilities. Johnson was also instrumental in bringing on board Nautilus’ CEO and board member Jim Barr, who has been a catalyst for its digital transformation efforts over the last three years.
Johnson is a trustee of the Adelphic Educational Fund and Wesleyan University. He is also a member of the Steering Committee of the Kilts Center for Marketing at the University of Chicago Graduate School of Business. He is a member of the Nutrition Round Table, Harvard T.H. Chan School of Public Health, Harvard University.
“I want to thank Carl for his dedicated years of service to our board,” said Jim Barr, CEO, Nautilus, Inc. “Under his leadership, we have built a strategic, forward-looking board that will help propel us forward as we continue our digital transformation. With our consumer at the heart of everything we do, coupled with the right strategy, excellent progress toward achieving our vision and with disciplined execution, we have emerged from the pandemic as a much stronger company.”
A new board chair will be appointed after Nautilus’ Annual Shareholders Meeting on August 2, 2022.
Its brands include Bowflex, Nautilus, Schwinn, and JRNY, the company’s digital fitness platform.
