Nautilus announced that its chairman, Edward Bramson, has assumed the additional duties of chief executive officer. He replaces Robert S. Falcone who has served in that capacity since August 13, 2007 when the board asked him to step in to run the company following the termination of the previous chief executive officer.


Edward Bramson, managing member of New York-based Sherborne Investors, LP. At the close of this year, Nautilis conceded defeat in its proxy battle with Sherborne, which consequently replaced four of seven board members. At the time, Bramson was elected chairman of Nautilus, replacing Falcone. 


Bramson said, “All of the directors and I join in thanking Bob for his many contributions during a period of transition for the company. We wish him well in his future activities.”

The company is conducting a review of its operations and currently expects to communicate the results of the review to shareholders after the end of the second quarter.