Welcoming Our New CFO Somer Webb

We have some bittersweet news from the Authority Brands leadership team. After several years of dedication and hard work, Silpa Velaga is stepping away from her CFO role.

Silpa joined Authority Brands in 2019 and has worked tirelessly to build this company into what it is today. Silpa asked us to put a plan in place to transition her role so she can focus more time on friends and family. Silpa will be with us for at least another three months to onboard our new CFO.

"Silpa is a tremendous leader who has poured her heart into our business and led with grace and sharp intellect. I am grateful for her dedication and service to our organization," said Authority Brands CEO Craig Donaldson.

And so, we are thrilled to welcome Somer Webb, our new CFO. Somer (pronounced just like "Summer") is hitting the ground running with Silpa's expert guidance. Somer joins us after serving as the CFO of Solo Brands (NYSE: DTC) and was previously the CFO of Worldwide Express, a franchised logistics company. She also spent time at several other companies including Yum! Brands. Somer brings a wealth of experience with franchising and multi-brand systems. We are all confident that with Somer's skillset and Silpa's assistance with the transition, Authority Brands is positioned to have an impressive 2024 and beyond.

Thank you, Silpa! Welcome aboard, Somer!