Somnigroup Appoints New President for Mattress Firm

Summary

On March 4, 2025, Somnigroup International Inc. announced the appointment of Steven H. Rusing as President of its wholly-owned subsidiary, Mattress Firm, effective March 10, 2025. Mr. Rusing, previously serving as Executive Vice President and President of U.S. Sales for the Company, will receive a substantial compensation package, including an annual base salary of $550,000, a signing bonus of $1,000,000, and a relocation payment of $500,000. His new role will also make him eligible for future equity awards and a guaranteed annual bonus of $500,000 for fiscal year 2025, contingent on continued employment.