Nautilus Chairman Edward Bramson has assumed the additional duties of chief executive officer replacing Robert S. Falcone.
Falcone has served as CEO since Aug. 13, 2007 when the board asked him to step in to run the company following the termination of the previous chief executive officer.
“All of the directors and I join in thanking Bob for his many contributions during a period of transition for the company,” said Bramson. “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.