David R. Callen

Portrait
David R. Callen, Senior Vice President and Chief Financial Officer

David R. Callen, Sleep Number® setting 50, average SleepIQ® score 79, serves as Senior Vice President and Chief Financial Officer for Sleep Number.

Since joining Sleep Number as CFO in April 2014, David has driven the Company to pursue superior shareholder returns through long-term, top-tier financial performance and sustainable, profitable growth. Under his leadership, Sleep Number has invested more than a half-billion dollars to transform the business and embolden its competitive advantages: lifelong relationships with customers whose referrals and repeat purchases account for over 45% of sales; proprietary innovations including the revolutionary Sleep Number 360® smart bed; and exclusive retail distribution with more than 600 highly-productive stores and online sales supporting all 50 states.

David also evolved the Company’s capital structure to support the execution of Sleep Number’s strategy. He’s led the return of more than three-quarters of a billion dollars to shareholders through share repurchases, and secured liquidity through a highly flexible $500 million credit facility. David’s capital decisions and Company performance have driven returns on investments that are more than double Sleep Number’s cost of capital.

David grew up in the furniture mecca of Grand Rapids, MI, where manufacturing got into his blood, abetted by early-career roles in public accounting supporting manufacturing firms like Steelcase, the office furniture giant. For 18 years, David served in financial and operational leadership roles, completing multiple acquisitions for international companies including a two-year expatriate assignment in Germany. He joined Ethan Allen Interiors, Inc. in 2007 as their top financial officer before joining Sleep Number in 2014. David’s breadth of experience has emphasized global business and financial strategy, brand support, and operational excellence across multiple industries including automotive, high-tech, dental, and outdoor recreational products.

David was recently honored as a 2019 CFO of the Year as awarded by Minneapolis/St. Paul Business Journal, which recognizes outstanding financial executives from large and small companies in the Twin Cities. David is a 1989 graduate of Michigan State University, earned his CPA license in 1991, and is regularly sought as a panelist for his expertise in financial performance, systems, and real estate strategies.