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Sleep Number Taps Black & Decker Vet as New CFO
5 Dec, 2025
Summary
- Amy O'Keefe appointed as new CFO effective December 8.
- O'Keefe brings extensive finance experience from Black & Decker and tech firms.
- Company reaffirms full-year 2025 guidance amid turnaround efforts.
Sleep Number has named Amy O'Keefe as its new Chief Financial Officer, with her appointment effective December 8. O'Keefe, a finance executive with extensive experience, including a significant tenure at The Black & Decker Corp and leadership roles at tech firms Avaya and WW, brings a wealth of expertise to the smart mattress retailer. She succeeds interim CFO Bob Ryder, who will depart the company later in December.
The Minneapolis-based company concurrently reaffirmed its full-year 2025 financial guidance. This confirmation signals confidence in its ongoing turnaround plan, which has involved substantial cost-saving measures implemented since April under new CEO Linda Findley. These initiatives are reportedly on track, aiming to reposition the company for future growth and financial stability.
Sleep Number has been actively pursuing a restructuring and cost-reduction strategy over the past year, incurring significant costs related to severance and contract terminations. Despite encountering unforeseen challenges, the company's leadership remains optimistic about its path forward, projecting execution of the turnaround in 2026. O'Keefe's arrival at this "pivotal time" is expected to further bolster these efforts.
