Sally Magnificence Holdings Declares Management Transition


DENTON, Texas–(BUSINESS WIRE)–Sally Magnificence Holdings, Inc. (NYSE: SBH) (“the Firm”) at this time introduced that Denise Paulonis will probably be appointed President and Chief Govt Officer, efficient October 1, 2021. Ms. Paulonis succeeds Chris Brickman who will probably be stepping down. Mr. Brickman will proceed to function President and Chief Govt Officer of the Firm and as a member of the Board till September 30, 2021, when he’ll step down from each positions. Thereafter, Mr. Brickman will serve in a consulting capability via March 31, 2022, to assist an orderly transition. This management transition is the results of the Board of Administrators’ and Mr. Brickman’s deliberate and collaborative method to succession planning.

Ms. Paulonis has been a member of the Firm’s Board of Administrators since 2018 and is the present Chair of the Audit Committee. Most not too long ago she served as Chief Monetary Officer of Sprouts Farmers Market. From 2014 to 2020, Ms. Paulonis served in varied government roles at The Michaels Corporations, together with as Govt Vice President and CFO, Senior Vice President of Finance and Treasurer, and Vice President of Company Finance, Investor Relations and Treasury. From 2000 to 2014, Ms. Paulonis held varied senior stage positions with PepsiCo, McKinsey & Firm and Financial institution of America. She earned a Bachelor of Science in finance and economics from Miami College and a Masters of Enterprise Administration from The Wharton Faculty on the College of Pennsylvania.

Robert McMaster, Chair of the Sally Magnificence Holdings Board of Administrators mentioned, “Because the Firm emerges from the arduous work of its transformation, each the Board and Chris agree that now’s the proper time for a change in management. Throughout Chris’s tenure, the Firm ushered in lots of new initiatives, together with strengthening Sally Magnificence Holdings’ standing as the biggest omni-channel hair coloration retailer, introducing modernized loyalty applications, investing considerably in expertise and bettering our digital capabilities, and main the Firm via the pandemic. On behalf of your complete Board, I need to thank Chris for his service and lots of contributions to Sally Magnificence Holdings over the previous seven years and, particularly, for the gifted workforce he has put in place. We want him nicely within the subsequent chapter of his profession.”

Mr. McMaster continued, “The Board has taken a considerate method to succession planning to make sure that Sally Magnificence Holdings is greatest positioned to proceed its momentum, and we unanimously imagine Denise is the proper chief to drive the following stage of the Firm’s progress. Together with her expertise and confirmed dedication to the Firm, we imagine Denise will present contemporary views and useful insights to be able to take our manufacturers and our firm into the longer term. The Board and I look ahead to working with Denise in her new position as we create important worth for our prospects, shareholders and workers.”

Mr. Brickman acknowledged, “I’m immensely happy with all that our workforce has completed, and I imagine one of the best is but to come back for Sally Magnificence Holdings. I congratulate Denise and look ahead to working along with her to make sure a seamless transition. I’m assured that her management will encourage the workforce and drive the Firm to future progress and success.”

I’m each honored and excited to have been appointed as Sally Magnificence Holdings’ subsequent Chief Govt Officer,” mentioned Ms. Paulonis. “As a present Board member, I do know firsthand what a pushed workforce that is, and I couldn’t be extra excited to hit the bottom operating. We’ve an incredible alternative to propel the Firm into its subsequent chapter, solidifying our place as a number one magnificence supplier and shifting ahead as a dynamic, fashionable, inclusive and worthwhile enterprise. I look ahead to working with Sally Magnificence Holdings’ robust administration workforce and gifted workers as we execute on our strategic priorities.”

About Sally Magnificence Holdings, Inc.

Sally Magnificence Holdings, Inc. (NYSE: SBH), because the chief in skilled hair coloration, sells and distributes skilled magnificence provides globally via its Sally Magnificence Provide and Magnificence Programs Group companies. The Firm operates roughly 5,000 shops, together with 141 franchised places. Sally Magnificence Provide shops provide as much as 8,000 merchandise for hair coloration, hair care, skincare, and nails via proprietary manufacturers akin to Ion®, Generic Worth Merchandise®, Past the Zone® and Silk Components® in addition to skilled strains akin to Wella®, Clairol®, OPI®, Conair® and Sizzling Shot Instruments®. Magnificence Programs Group shops, branded as CosmoProf® or Armstrong McCall® shops, together with its exterior gross sales consultants, promote as much as 10,500 professionally branded merchandise together with Paul Mitchell®, Wella®, Matrix®, Schwarzkopf®, Kenra®, Goldwell®, Joico® and CHI®, meant to be used in salons and for resale by salons to retail shoppers. For extra details about Sally Magnificence Holdings, Inc., please go to https://www.sallybeautyholdings.com/.

Ahead-Trying Statements

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