Amid increased competition in their marketplace, Sonos founder Jon MacFarlane announced in a blog post on the company website his plans to step down as Chief Executive Officer and pass the role on to Patrick Spence.
The transition comes at a time when the amount of competition in the wireless audio space has increased tremendously. Once the torchbearer for whole home audio category, Sonos now has seen the level of competition skyrocket in the last few years and now includes some of the biggest names in tech like Google and Amazon.
“There are no typical transitions of leadership, especially for founder-led companies where the strength lies in a central interpretation of the culture that is essential for the formation and development of a new company in a complex and rapidly changing environment,” MacFarlane wrote. “However, the culture must move beyond the founder, and that's a unique path for every company. It is that moment for Sonos and I trust Patrick and the team with this growth.”