The Nautilus Group, Inc. announced that Gregg Hammann has joined Nautilus as President and Chief Executive Officer effective immediately. Brian Cook, current Chief Executive Officer and Chairman, will continue with the company as Chairman.
The Nautilus Group Board of Directors said in a statement: “We have continuously added expertise to management as Nautilus has grown over the years. We are confident that Gregg Hammann as our Chief Executive Officer will deliver the leadership and vision necessary to further build and expand our business and drive shareholder value. Our Company has accomplished a great deal over the last 17 years during Brian Cook’s tenure. The Company’s leadership position in the fitness and healthy lifestyle markets and financial strength are a true testament to the strength of our organization and Brian’s leadership and vision during this time period. The Company has evolved from a one-product company with virtually no sales to a company with sales in excess of $500 million distributing the leading brand names in health and fitness through multiple distribution channels.”
The Board of Directors continued, “Gregg has a strong and successful record of working with consumer branded products, and he brings very valuable skill sets, particularly in the areas of leadership, strategy, brand management and customer focus. His enthusiasm for the underlying strength and potential of our brands and products, coupled with his marketing and branding expertise, makes us very excited about the future of The Nautilus Group under his leadership.”
Prior to joining Nautilus, Gregg Hammann was Chief Customer Officer of North America and President of Latin America and Canada for Levi Strauss & Company. Prior to Levi Strauss, Mr. Hammann held senior management positions at McLeodUSA and The Coca-Cola Company. In addition to the aforementioned positions, he began his career with Procter and Gamble after graduating from the University of Iowa where he received a degree in Business Administration. Mr. Hammann also received an Executive MBA degree from the University of Wisconsin.
“The Nautilus Group is a leader in the fitness industry, with its portfolio of brands, strong balance sheet and no debt the company is in a great position to lead industry growth,” said Gregg Hammann. “I am excited to lead Nautilus and build upon its strong position in the industry. I believe the Nautilus Group has tremendous potential for profitable growth. This potential and the strong management team, positions our company to capture this growth.”
Brian Cook concluded, “I am very excited to have Gregg leading our Company. I believe his experience in the marketing of multiple consumer branded products is exactly what our Company needs at this important juncture. I look forward to helping him make this a seamless transition for the Company.”