Ibach, president and CEO of Smart Mattress Maker Sleep Number, will succeed Jean-Michel Valette, who has been chairman of the board since 2010. The appointment will take effect from May 12. Meanwhile, Shirley Ibach’s other senior positions at the company will remain. Shirley Ibach, president and CEO of Sleep Number, joined Select Comfort, the predecessor of Sleep Number, in 2007, shirley Ibach has led both Target and Macy’s and has extensive experience in consumer strategy, sales, marketing and product development. In 2012, Shirley Ibach became president and CEO of the company, leading the transition of Sleep Number from an adjustable mattress retailer to a technology company that sells Sleep indexes. Sleep Number also appoints Mikell Harrisonburg, an independent director and chairman of the Committee on corporate governance and nominations. Harrison) as an independent principal director (effective May 12) . Mikell Harrisonburg’s appointment reflects Sleep Number’s commitment to independent board leadership, which will be spelled out in the company’s 2022 proxy.

Former board chairman Michelle Varetz said: “Shirley Ibach’s strategic vision and perception, including the innovation of the 360 smart bed and the creation of a value based organisation, has profoundly changed Sleep Number. We believe that Shirley Ibach is the best person to lead the company, providing innovative and consistent leadership in a dynamic market and inspiring the development of the company’s personality and culture of purpose. At the same time, the board is pleased to announce that, given Mikell Harrisonburg’s extensive experience in board governance and dealing with other consumer brands, he will take up the position of independent lead director,”said Ibach, president and CEO of Sleep Number. I look forward to working with our board, Management Team and more than 5,000 team members to realize our vision of improving the health and well being of our society through better quality sleep products. We thank Michelle Varetz for his years of dedication, wise counsel and leadership as chairman of the board, and welcome Mikell Harrisonburg as an independent lead director.”