Purple Announces Leadership Changes

John Legg Appointed Chief Operating Officer

Mark Watkins to Step Down as Chief Financial Officer

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Jan 14, 2019, 08:00 ET

ALPINE, Utah, Jan. 14, 2019 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), an innovative comfort product company known for creating the "World's First No Pressure™ Mattress," today announced that John Legg has been appointed Chief Operating Officer, effective January 21, 2019.

Legg has over 20 years of experience in supply chain management in the wholesale, retail and e-commerce/direct-to-consumer sectors. Prior to joining Purple, he served as a partner in the consulting firm Claris Solutions Group since September 2017. From 2015 to 2017, he served as Senior Vice President Global Operations for Global Brands Group, providing strategic direction across a number of operational areas. Prior to joining Global Brands Group, Legg was the Senior Vice President Logistics and Supply Chain for the Zale Corporation from 2010 to 2015. Legg also worked in supply chain and distribution roles with Tory Burch, Warnaco, and Liz Claiborne earlier in his career. He is a graduate of Northeastern University, in Boston, MA, and holds a BS in Business Administration, Transportation and Distribution Management.

Joe Megibow, Chief Executive Officer, said, "John's extensive supply chain experience, especially with consumer facing companies, makes him a great fit for the role of Purple's Chief Operating Officer. His leadership capabilities and expertise will be incredibly valuable during the Company's next phase of growth. I am excited to work closely with John to profitably expand our business and generate increased value for our shareholders."

The Company also announced that Mark Watkins plans to step down from his role as Chief Financial Officer for personal reasons effective March 15, 2019, after filing the Company's form 10-K.

Megibow said, "On behalf of the board of directors and executive team, I want to thank Mark for his contributions, which helped lead Purple through its first year as a public company. As Chief Financial Officer, Mark was integral in strengthening our internal systems and processes, improving our forecasting capabilities and building a talented finance team. We wish Mark the best in his future endeavors."

Purple will be initiating a search for a successor Chief Financial Officer.

About Purple

Purple is an innovative comfort product company that designs and manufactures products to improve people's lives. It designs and manufactures a range of comfort products, including mattresses, pillows, and cushions, using its patented Hyper-Elastic Polymer® material designed to improve comfort. The Company markets and sells its products through its direct-to-consumer online channel, traditional retail partners, and third party online retailers. For more information on Purple, visit purple.com.

Investor Contact:
Brendon Frey, ICR
[email protected]
203-682-8200

Media Contact:
Alecia Pulman, ICR
[email protected]
646-277-1200

Purple Innovation, Inc.
For information regarding Purple products, please contact:
Savannah Hobbs
Director of Purple Communications
[email protected]

SOURCE Purple Innovation, Inc.