Sonos Expands Board by 2, Bringing on Executives From Content Side

Sonos added two slots to its board, bringing it to nine members, said the company Tuesday. It named as a class III director Deirdre Findlay, Conde Nast chief marketing officer, for a term ending in 2021. Joanna Coles, a TV producer at Disney and former chief content officer at Hearst Magazines, was appointed class I director for a term ending in 2022. Both directors will receive an annual fee of $50,000 for sitting on the board and an annual equity award of restricted stock units with a grant date value of about $175,000, said an SEC filing.