Executive Officers

Bruce Cazenave, CEO Nautilus Inc.

Bruce M. Cazenave was appointed Chief Executive Officer and elected to our Board in May 2011. From January 2010 until his appointment as the Company’s Chief Executive Officer, he served as managing director of Inflection Point Consulting, where he consulted with and served as an executive advisor to private equity firms in the U.S. and Europe. From 2006 to 2009, he worked for Central Garden & Pet Company, serving as president of its Garden Décor Group. Central Garden & Pet Company markets and produces branded products for the lawn and garden and pet supplies markets. From January 2006 to August 2006, Bruce served as a strategy consultant to Timex Corporation where he focused on supply chain, operational and organizational priorities for the watch manufacturer. From 2002 to 2005, he served as president & CEO of Dorel Juvenile Group, a subsidiary of Dorel Industries, Inc., which manufactures and markets juvenile products. Bruce has also served in senior executive roles at Black & Decker U.S., Inc. and Timberland – both in the U.S and Europe. The Board retained his role as a director based on his 20 plus years of senior executive leadership and extensive background running divisions of premier global consumer products companies focused on profitable growth.
William McMahon

William B. McMahon was appointed Chief Operating Officer in August 2011. In this role, he is responsible for the Company’s Retail and Direct businesses, as well as overall operations and information technology. He also has broad oversight of the Company’s product development function. Bill joined Nautilus in October 2005 and has held a number of leadership roles, including Senior Vice President, Consumer Business from November 2009 until August 2011 and, prior to that, Vice President and General Manager of our Direct business. Before joining Nautilus, he held several executive positions with the Readers Digest Association from 1989 through 1995, including chief operating officer of gifts.com, an e-commerce portal; director of information technology; vice president, operations of Good Catalog, a luxury home products and electronics catalog; and director of U.S. Operations for QSP Inc., the largest school fundraising program in North America. He previously spent over a decade with the United States Navy nuclear submarine force, where he oversaw reactor plant operations. He is a graduate of the U.S. Naval Nuclear Engineering program.
Wayne Bolio

Wayne M. Bolio was named Senior Vice President, Law and Human Resources in August 2011. He was appointed General Counsel in April 2008 after joining Nautilus in June 2003 as Vice President, Human Resources. He was appointed Senior Vice President, Human Resources in March 2004 and was promoted to Senior Vice President, Law in January 2006. From 1997 to 2002 he served as the chief human resources officer for Consolidated Freightways, a major transportation company, and most recently held the position of Vice President of Human Resources and Assistant General Counsel. Prior to that, he was employed by Southern Pacific Transportation Company as assistant general counsel with responsibility for labor relations, human resources, and employment law matters. Wayne received a B.A. from the University of California at Berkeley and a J.D. from UCLA.
Sid Nayar

Sid Nayar was named Chief Financial Officer in February 2014. His role oversees financial, accounting, and investor relations activities for all brands in the Nautilus Inc. portfolio. His prior experience includes more than 30 years of finance management and analysis in the consumer products arena. Prior to joining Nautilus Inc. he served in various roles for Congoleum Corporation; a U.S. manufacturer of resilient sheet and tile flooring for both residential and commercial uses. He joined Congoleum in 1987 as a Financial Analyst and rose through the organization in roles including Financial Analyst, Controller, Vice President- Controller and Senior Vice President, Finance / Chief Financial Officer. Prior to joining Congoleum, he held finance positions with The Hertz Corporation in Parsippany, New Jersey and ESAL (Commodities) LTD in London, United Kingdom. Sid earned his MBA, Finance from Rutgers University in 1985 and his BSc, Economics from the London School of Economics, London, United Kingdom in 1981.
Rob Murdock

Rob Murdock was named Vice President, General Manager Direct in August 2011. In this role he is responsible for the direct-to-consumer business team. Joining Nautilus in December 2005 as Director, Go-To-Market he was responsible for product definition, development and management of Nautilus branded retail and strength machines. He’s also held multiple leadership roles in product development and marketing within the organization. In 2007 he was promoted to Senior Director, Go-To-Market, where he managed the product management team until January 2008 when he became Director of Marketing, Consumer Insight and Brand. In November 2008 the position held shifted focus to Direct channel, managing the product, place, price and promotion of Schwinn, Nautilus, Bowflex and Universal brands. Most recently he was promoted to Vice President/General Manager Direct, which expanded the scope of his position to include for responsibility for the entire Direct channel. Rob has more than 15 years of experience in hard goods product development and marketing. Prior to joining Nautilus, he held management positions at technology firms including Intel and InFocus. He earned his B.A. from Georgetown University and an M.B.A from the University of Texas.
Jeff Collins was named Vice President Retails Sales in August of 2013. In this role he is responsible for the domestic and global strategic retail direction and management of the Domestic and International Retail Sales Teams. In addition, he is responsible for integrated collaboration with the current leadership team to develop products, service levels and marketing to support Nautilus Inc’s long term vision for this important business segment. Jeff’s prior experience includes more than 20 years of Sales and Marketing experience in the consumer goods business segment. Prior to joining Nautilus Inc., Jeff held various senior sales and marketing positions with Pepsico, Pepsi Bottling Group, Handleman Co, Dyson Ltd, Halo Technologies, Techtronic Industries and Oreck Corporation. He attended both Grand Valley State University and Western Michigan University. Jeff’s prior experience and success in both the U.S. and International markets will provide guidance to Nautilus Inc. in the continuous growth and development of the Retail Channel.

Board of Directors

M. Carl Johnson, III was elected to our Board on July 1, 2010. He is Chairman of the Board and a member of the Compensation Committee. In January, 2013, Mr. Johnson was appointed Group Executive Vice President and Chief Growth Officer of Del Monte Foods, with primary responsibility for driving the company’s growth and overseeing corporate strategy, innovation, marketing and creative services, consumer and customer insights, research and development, communications and government relations. Additionally, he currently serves as acting general manager of Del Monte’s Pet Business. He joined Del Monte Foods in November, 2011 as Executive Vice President, Brands. From 2001 until April 2011, Mr. Johnson served as senior vice president and chief strategy officer of the Campbell Soup Company, where he had direct responsibility for corporate strategy, research & development, quality, corporate marketing services, licensing, and e-business. Mr. Johnson joined Campbell from Kraft Foods, where he ran three successively larger business divisions. Mr. Johnson earned his B.A. degree in government and economics from Wesleyan University, and his M.B.A. degree from the University of Chicago. Mr. Johnson serves as an advisory board member of the Agricultural Sustainability Institute, University of California, Davis. He also serves as a member of the board of directors of Avedro, Inc., a privately held pioneer in vision correction technology. Mr. Johnson is a trustee of the Adelphic Educational Fund, Wesleyan University, which grants scholarships and supports educational, literary and artistic programs. He is also a member of the steering committee of the Kilts Center for Marketing at the University Of Chicago Graduate School Of Business, which provides scholarships to top marketing students and helps the school steer its marketing curriculum. Mr. Johnson was appointed to the board based on his consumer marketing expertise and strong background in corporate expansion strategy.

Ronald P. Badie joined our Board in August 2005. Mr. Badie is the Chairman of the Compensation Committee and a member of the Nominating and Governance Committee and the Audit Committee. Mr. Badie spent over 35 years with Deutsche Bank and its predecessor, Bankers Trust Company, retiring in 2002 as vice chairman of Deutsche Bank Alex Brown (now Deutsche Bank Securities), the firm’s investment banking subsidiary. In addition, Mr. Badie was a director of Merisel, Inc. from October 2004 to March 2011 and Integrated Electrical Services, Inc. between October 2003 and May 2006. Mr. Badie currently serves as a director and audit committee member of Obagi Medical Products, Inc. and Amphenol Corporation. In addition, Mr. Badie is the chairman of the compensation committee for Obagi Medical Products. Mr. Badie is a graduate of Bucknell University and received an MBA from New York University’s Stern School of Business. Mr. Badie’s experience having served as a director of several publicly-traded and privately-held companies and many years as an investment banker provides the Company extensive experience in structured finance and capital markets transactions.

Bruce M. Cazenave was appointed Chief Executive Officer and elected to our Board in May 2011. From January 2010 until his appointment as the Company’s Chief Executive Officer, he served as managing director of Inflection Point Consulting, where he consulted with and served as an executive advisor to private equity firms in the U.S. and Europe. From 2006 to 2009, he worked for Central Garden & Pet Company, serving as president of its Garden Décor Group. Central Garden & Pet Company markets and produces branded products for the lawn and garden and pet supplies markets. From January 2006 to August 2006, Bruce served as a strategy consultant to Timex Corporation where he focused on supply chain, operational and organizational priorities for the watch manufacturer. From 2002 to 2005, he served as president & CEO of Dorel Juvenile Group, a subsidiary of Dorel Industries, Inc., which manufactures and markets juvenile products. Mr. Cazenave has also served in senior executive roles at Black & Decker U.S., Inc. and Timberland – both in the U.S and Europe. The Board retained his role as a director based on his 20 plus years of senior executive leadership and extensive background running divisions of premier global consumer products companies focused on profitable growth.

Richard A. Horn was elected to our Board in December 2007. Mr. Horn is Chairman of the Nominating and Governance Committee and a member of the Audit Committee and the Compensation Committee. Mr. Horn has been a private investor since February 2002. Mr. Horn was general manager of the PetsHotel Division of PETsMART, Inc., a publicly-traded company, from April 2001 through February 2002. From January 1999 through March 2001, he was senior vice-president and general merchandise manager of PETsMART.com, Inc. and from July 1994 until December 1998, he was vice-president and general merchandise manager of PETsMART, Inc. From 1992 to 1994, Mr. Horn was chief financial officer of Weisheimer Companies, Inc. Mr. Horn was a partner at Coopers & Lybrand (now PricewaterhouseCoopers) from 1980 to 1992. Mr. Horn currently serves on the board of directors of Lucky Litter L.L.C., a privately-financed manufacturer and marketer of pet products; the Board of Trustees of The Saint Joseph’s Hospital Foundation and on the Board of Directors of the Fiesta Bowl. Mr. Horn’s experience as a former retail merchandising and direct-marketing manager, former chief financial officer and a former partner at Coopers & Lybrand brings particular expertise to our Board in the areas of direct marketing sales, consumer product merchandising, and service industries, investor relations, financial reporting, accounting and auditing for complex multinational operations.

Anne G. Saunders was elected to our Board effective April 2, 2012. Ms. Saunders was President of Redbox, the entertainment company from 2012 – 2013. In this role, she had full P&L responsibility for the two billion dollar business. Redbox is owned and operated by Outerwall, Inc (NASDAQ:OUTR). From March 2009 until January 2012, Ms. Saunders was executive vice president and chief marketing officer for Knowledge Universe, a privately-held early education company with over 1600 schools nationwide. From February 2008 until March 2009, Ms. Saunders’ was senior vice president, consumer bank executive and, from May 2007 until February 2008, she was senior vice president, brand executive, for Bank of America Corporation (NYSE:BAC). Between 2001 and 2007, Ms. Saunders held a variety of positions with Starbucks Coffee Co. (NASDAQ:SBUX) including senior vice president, global brand, during that company’s period of rapid domestic and international growth. Ms. Saunders has also held executive and senior management positions with eSociety, a B2B e-commerce company, AT&T Wireless, and Young & Rubicam. She received a BA from Northwestern University and a MBA from Fordham University. Additionally, Ms. Saunders previously served, from 2006 until 2007, as a director for Blue Nile, Inc. (NASDAQ:NILE). Ms. Saunders’ strong background in marketing, building brands, and understanding the consumer marketplace provides the Company with additional expertise with regards to its current and new product lines.

Marvin G. Siegert joined our Board in August 2005. Mr. Siegert is Chairman of the Audit Committee and a member of the Compensation Committee and the Nominating and Governance Committee. Currently a private investor, Mr. Siegert was president and chief operating officer of The Pyle Group LLC, a private equity investment group, from 1996 until July 2007. Prior to The Pyle Group, Mr. Siegert spent 26 years with Rayovac Corporation, a manufacturer of batteries and lighting products, where he held various positions, with his most recent position as senior vice president and chief financial officer. Currently, Mr. Siegert serves as audit committee chairman on the board of directors of Great Lakes Educational Loan Services, Inc., a privately-held student loan servicing company, and is a member of the board of directors of Uniek, Inc., a manufacturer and distributor of picture frames and wall décor. From 2005 until December 2012, Mr. Siegert was a member of the board of directors of Hy Cite Corporation, a privately-held direct sales marketing company. Mr. Siegert graduated from the University of Wisconsin, Whitewater with a degree in accounting and holds a master’s degree in management from the University of Wisconsin, Madison. Mr. Siegert’s former role of president and chief operating officer of a private equity investment group and former chief financial officer of a privately-held global consumer products company provides particular expertise to our Board in the areas of consumer products, investor relations and financial strategies.

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