#United States #Houston #Sleep Health #cpap.com #Joe Megibow

Joe Megibow Takes the Helm at cpap.com Holding Company

In a significant leadership transition, Joe Megibow has been named the new Chief Executive Officer of Somnum Bene Holdings LLC, the parent company of cpap.com, a recognized leader in sleep apnea solutions. This appointment marks a pivotal moment for the company as it seeks to further its impact in the sleep health and wellness sector. Megibow succeeds co-founder Johnny Goodman, who will transition to an active role on the board, ensuring a smooth leadership evolution.

A Proven Record in the E-commerce Space

Joe Megibow is no stranger to the world of direct-to-consumer e-commerce, bringing over two decades of valuable experience to his new role. Previously, he has served as the CEO of well-known companies such as Casper Sleep and Bright Cellars, directing both firms through transformative periods that led to successful exits. Additionally, his tenure at Purple Innovation saw him drive substantial digital growth, as well as the launch of wholesale and physical retail storefronts, augmenting the company’s market share significantly.

Notably, Megibow’s experience extends beyond his positions as CEO. Currently, he sits on the board of Lamps Plus, the largest direct-to-consumer lighting retailer in the United States, and has previously held board positions with Red Lion Hotel Corporation. With his past roles as SVP and Chief Digital Officer at American Eagle, and VP and General Manager at Expedia.com, Megibow brings a robust portfolio of skills that are essential for guiding cpap.com in its next chapter of growth.

Insights from Cathay Capital

Mark Woods, a partner at Cathay Capital, the global investment firm backing Somnum Bene Holdings, expressed confidence in Megibow's capacities. He noted that Megibow has a deep understanding of digital and omnichannel commerce, underscoring his expertise in consumer-centric strategies. Woods emphasized that Megibow’s track record of driving growth, innovation, and leadership across high-profile companies aligns perfectly with cpap.com’s ambitions within the evolving sleep economy.

Focusing on the Future

As Megibow steps into his new role, his agenda will prioritize expanding cpap.com’s product lineup while further improving customer experience. Utilizing artificial intelligence and analytics, he aims to address the substantial unmet demand for obstructive sleep apnea treatments, positioning sleep as a central aspect of overall health.

“cpap.com has successfully guided over two million individuals towards healthier sleep patterns,” remarked Goodman. “I cherish our customers’ trust and take pride in our profound impact. With Joe’s enviable professional background and shared vision, I am confident he is the right leader to navigate our forthcoming growth phase.”

In his own words, Megibow expressed his excitement, “I am delighted to join cpap.com and collaborate with a talented team who has established a mission-driven industry leader. Having gained insights into the importance of sleep health through my experiences at two previous sleep companies, I recognize the vast opportunity at hand — with over 30 million Americans affected by sleep apnea, roughly 80% of whom remain undiagnosed. Our efforts will not only grow our business but also significantly enhance the lives of many.”

About cpap.com

For more than 25 years, cpap.com has stood at the forefront of the CPAP eCommerce industry, dedicated to improving sleep health by providing a diverse selection of high-quality CPAP equipment and invaluable resources. As pioneers of the self-pay movement, they empower customers to manage their sleep therapy journeys independently. With a streamlined prescription process, unmatched customer support, and the largest peer community on cpaptalk.com, cpap.com transcends the role of a mere retailer — they are a committed partner assisting individuals in reclaiming their sleep.

As cpap.com prepares for its next chapter of innovation and growth under Megibow’s guidance, the team remains dedicated to extending its reach and impact, ensuring that quality sleep solutions are accessible to all.

About Cathay Capital

Cathay Capital is a renowned global private equity and venture capital investment firm that supports healthcare, technology, and consumer companies across North America, Europe, and Asia. The firm specializes in assisting middle-market companies and startups in navigating growth opportunities, international expansion, and sustainable transformations. Founded in 2007 and managing over $5.5 billion in assets, Cathay Capital aims to connect businesses with investor networks, providing a platform aimed at market leadership and positive societal impact.