Sleep Number names permanent CFO amid choppy turnaround

Core Insights - Sleep Number has been undergoing cost-cutting measures and repositioning for over a year, incurring $47.5 million in restructuring costs in the nine months ending September 27, with an expectation of an additional $3 million in costs for the remainder of the year [3][4] - The company reported a net loss of $78.1 million for the trailing 12 months, nearly doubling from $40.8 million in the previous year [4] - CEO Linda Findley expressed optimism about the company's turnaround plan, despite facing unexpected challenges, and noted that over $135 million in costs have been reduced since her tenure began [5] Financial Leadership Changes - Amy O'Keefe has been appointed as the new CFO, effective December 8, replacing interim CFO Bob Ryder, who will leave the company on December 12 [6] - O'Keefe brings over 30 years of experience in financial leadership, having held positions at The Black & Decker Corp, Avaya, and WW [6] - The company reaffirmed its full-year 2025 financial guidance, indicating that its turnaround plan is on track with significant cost reductions implemented since April [6]