Solo Brands (DTC) Appoints Peter Laurinaitis to its Board

Solo Brands, Inc. (NYSE: DTC) (“Solo Brands” or “the Company”) a leading portfolio of lifestyle brands (Solo Stove, Chubbies, Isle and Oru) that are redefining the outdoor and apparel industries, today announced that Peter Laurinaitis has been appointed to the Company’s Board of Directors.

“Solo Brands welcomes Peter to the Board during this important time for our Company, as we work to strengthen our financial position. His appointment is another step to solidify our strategy and team and enhance the Board’s oversight as we execute against our plan,” said Matthew Guy-Hamilton, Chairman of Solo Brands’ Board of Directors. “We believe that Peter’s strategic insights and experience in leading complex financial advisory assignments will be key as we chart a path toward growth.”

Mr. Laurinaitis, who most recently served as a Partner and subsequently a Senior Advisor at PJT Partners, brings a proven track record of guiding companies through complex financial situations. He also has a deep background and three decades of experience in financial strategy, special situations, capital-raising, M&A and restructuring advisory. Notably, Mr. Laurinaitis has been involved in the raising of several billion dollars in fresh capital for companies across all sectors of the economy, in addition to implementing restructuring strategies to help maximize value for stakeholders, including the restructuring of over $100 billion in liabilities. Prior to his most recent role, Mr. Laurinaitis held a leadership position as a Senior Managing Director at The Blackstone Group in its restructuring practice and served as turnaround consultant and auditor at Arthur Andersen. He currently serves as Independent Director of FirstElement Fuel, Inc.

“I am honored to join the Board of Directors at such a pivotal time for Solo Brands and look forward to bringing my experience and insights to the Company,” said Mr. Laurinaitis. “I look forward to working alongside the Board and management team to execute on the Company’s plan and take the right next steps for Solo Brands.”

Separately, the Company provided updates on the business and its performance in its fourth quarter and full-year 2024 earnings press release issued today.

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