DENTON, Texas–(Enterprise WIRE)–Sally Elegance Holdings, Inc. (NYSE: SBH) (“the Company”) currently declared that Denise Paulonis will be appointed President and Chief Executive Officer, successful Oct 1, 2021. Ms. Paulonis succeeds Chris Brickman who will be stepping down. Mr. Brickman will keep on to provide as President and Chief Executive Officer of the Organization and as a member of the Board until eventually September 30, 2021, when he will stage down from both equally positions. Thereafter, Mr. Brickman will serve in a consulting capability by way of March 31, 2022, to guidance an orderly changeover. This leadership transition is the end result of the Board of Directors’ and Mr. Brickman’s deliberate and collaborative strategy to succession planning.
Ms. Paulonis has been a member of the Company’s Board of Directors since 2018 and is the present Chair of the Audit Committee. Most a short while ago she served as Main Fiscal Officer of Sprouts Farmers Current market. From 2014 to 2020, Ms. Paulonis served in numerous executive roles at The Michaels Corporations, including as Government Vice President and CFO, Senior Vice President of Finance and Treasurer, and Vice President of Corporate Finance, Trader Relations and Treasury. From 2000 to 2014, Ms. Paulonis held a variety of senior stage positions with PepsiCo, McKinsey & Firm and Bank of The usa. She acquired a Bachelor of Science in finance and economics from Miami College and a Masters of Enterprise Administration from The Wharton University at the University of Pennsylvania.
Robert McMaster, Chair of the Sally Splendor Holdings Board of Administrators stated, “As the Business emerges from the challenging operate of its transformation, both the Board and Chris concur that now is the ideal time for a alter in management. Through Chris’s tenure, the Business ushered in lots of new initiatives, including strengthening Sally Elegance Holdings’ standing as the largest omni-channel hair shade retailer, introducing modernized loyalty applications, investing drastically in technological know-how and strengthening our digital abilities, and top the Enterprise by means of the pandemic. On behalf of the full Board, I want to thank Chris for his provider and many contributions to Sally Natural beauty Holdings more than the previous seven yrs and, in unique, for the proficient crew he has set in area. We want him very well in the following chapter of his occupation.”
Mr. McMaster continued, “The Board has taken a thoughtful strategy to succession preparing to guarantee that Sally Attractiveness Holdings is best positioned to continue on its momentum, and we unanimously think Denise is the correct chief to travel the next stage of the Company’s progress. With her encounter and confirmed dedication to the Enterprise, we believe that Denise will deliver fresh new perspectives and beneficial insights in buy to get our brands and our business into the upcoming. The Board and I seem ahead to doing work with Denise in her new part as we develop sizeable value for our shoppers, shareholders and staff members.”
Mr. Brickman mentioned, “I am immensely very pleased of all that our workforce has accomplished, and I imagine the greatest is however to come for Sally Natural beauty Holdings. I congratulate Denise and seem forward to doing the job with her to make sure a seamless changeover. I am self-confident that her management will inspire the workforce and generate the Company to future progress and success.”
“I am each honored and psyched to have been appointed as Sally Beauty Holdings’ following Chief Govt Officer,” reported Ms. Paulonis. “As a present-day Board member, I know firsthand what a driven crew this is, and I could not be extra excited to strike the ground operating. We have an astounding option to propel the Firm into its following chapter, solidifying our position as a leading splendor provider and moving forward as a dynamic, present day, inclusive and successful company. I seem ahead to operating with Sally Elegance Holdings’ robust administration staff and gifted workers as we execute on our strategic priorities.”
About Sally Elegance Holdings, Inc.
Sally Magnificence Holdings, Inc. (NYSE: SBH), as the leader in expert hair coloration, sells and distributes expert elegance materials globally by way of its Sally Natural beauty Provide and Magnificence Programs Group organizations. The Enterprise operates close to 5,000 merchants, which include 141 franchised destinations. Sally Attractiveness Offer stores supply up to 8,000 items for hair shade, hair treatment, skin care, and nails by means of proprietary makes such as Ion®, Generic Benefit Products®, Past the Zone® and Silk Elements® as well as specialist strains these kinds of as Wella®, Clairol®, OPI®, Conair® and Incredibly hot Shot Tools®. Splendor Techniques Team merchants, branded as CosmoProf® or Armstrong McCall® suppliers, together with its outside the house income consultants, promote up to 10,500 skillfully branded merchandise together with Paul Mitchell®, Wella®, Matrix®, Schwarzkopf®, Kenra®, Goldwell®, Joico® and CHI®, intended for use in salons and for resale by salons to retail people. For more information about Sally Magnificence Holdings, Inc., be sure to check out https://www.sallybeautyholdings.com/.
Statements in this news launch which are not purely historic details or which depend upon long term situations may be forward-hunting statements in the that means of Portion 27A of the Securities Act of 1933, as amended, and Area 21E of the Securities Trade Act of 1934, as amended. Ahead-hunting statements, as that time period is described in the Private Securities Litigation Reform Act of 1995, can be determined by the use of ahead-wanting terminology these as “believes,” “projects,” “expects,” “can,” “may,” “estimates,” “should,” “plans,” “targets,” “intends,” “could,” “will,” “would,” “anticipates,” “potential,” “confident,” “optimistic,” or the destructive thereof, or other variations thereon, or similar terminology, or by conversations of method, aims, estimates, steering, anticipations and long term strategies. Ahead-on the lookout statements can also be recognized by the actuality that these statements do not relate strictly to historic or current matters. Audience are cautioned not to place undue reliance on forward-looking statements as these statements discuss only as of the day they were produced. Any ahead-on the lookout statements require risks and uncertainties that could bring about actual gatherings or benefits to vary materially from the events or success described in the forward-searching statements, like, but not restricted to, the risks and uncertainties connected to COVID-19 and individuals explained in our filings with the Securities and Trade Commission, which include our Yearly Report on Kind 10-K for the calendar year ended September 30, 2020. For that reason, all ahead-on the lookout statements in this launch are experienced by the elements, pitfalls and uncertainties contained therein. We assume no obligation to publicly update or revise any forward-wanting statements.