- Along with earnings today, Purple Innovation (NASDAQ:PRPL) announced its chief executive has departed for other opportunities.
- Shares are down 12.1% postmarket.
- CEO Sam Bernards has exited, and co-founder and Chairman Terry Pearce will serve as interim CEO during a replacement search. The company will use an executive search firm.
- "Under Sam's leadership, we dramatically expanded our sales, operations and brand awareness, strengthened our executive team, and completed our transition to a public company," Pearce says.