Sally Magnificence Holdings Proclaims Management Transition


Denton, Texas–(enterprise wire) – Sally Magnificence Holdings, Inc. (NYSE: SBH) (“The Firm”) at present introduced that Dennis Paulonis shall be appointed President and Chief Government Officer efficient October 1, 2021. Ms Paulonis will exchange Chris Brickman who will step down. Beneath Mr. Brickman will proceed to function the Firm’s President and Chief Government Officer and as a member of the Board till September 30, 2021, when he steps down from each positions. Thereafter, Mr. Brickman will work in a consultative capability to assist a scientific change by March 31, 2022. This management change is the results of a deliberate and collaborative strategy to succession planning by the Board of Administrators and Mr.

Ms. Paulonis has been a member of the Firm’s Board of Administrators since 2018 and is the present Chairperson of the Audit Committee. Most lately he served as Chief Monetary Officer of Sprouts Farmers Market. From 2014 to 2020, Ms. Paulonis served in varied government roles at Michaels Corporations, together with Government Vice President and CFO, Senior Vice President and Treasurer of Finance, and Vice President of Company Finance, Investor Relations and Treasury. From 2000 to 2014, Ms. Paulonis held varied senior-level positions with PepsiCo, McKinsey & Firm and Financial institution of America. He earned a Bachelor of Science in Finance and Economics from the College of Miami and a Grasp of Enterprise Administration diploma from the Wharton Faculty of the College of Pennsylvania.

Robert McMaster, chairman of the Sally Magnificence Holdings Board of Administrators, mentioned:As the corporate emerges from the arduous work of its transformation, each the board and Chris agree that now’s the precise time for a change in management. Throughout Chris’ tenure, the corporate launched numerous new initiatives, together with consolidating Sally Magnificence Holdings as the biggest omni-channel hair coloration retailer, launching a cutting-edge loyalty program, making important investments in know-how and our digital capabilities. Bettering, and main the corporate. Epidemic. On behalf of the complete board, I wish to thank Chris for his service and lots of contributions to Sally Magnificence Holdings over the previous seven years, and particularly, for the proficient crew he has constructed. We want him all one of the best within the subsequent chapter of his profession.”

Mr McMaster continued, “The Board has taken a considerate strategy to succession planning to make sure that Sally Magnificence Holdings is in one of the best place to proceed its momentum, and we unanimously consider that Denise will proceed to drive the corporate’s subsequent part of development. is the precise chief. With our expertise and confirmed dedication to the corporate, we’re assured that Dennis will present new views and beneficial insights on find out how to take our model and our firm into the longer term. The Board and I stay up for working with Dennis in his new function as we create important worth for our clients, shareholders and staff.”

Mr Brickman mentioned, “I’m extraordinarily pleased with what our crew has achieved, and I consider one of the best is but to come back for Sally Magnificence Holdings. I congratulate Dennis and stay up for working with him to make sure a clean transition. I’m assured that his management will encourage the crew and propel the corporate for future development and success.”

,I’m each honored and excited to be appointed as the subsequent Chief Government Officer of Sally Magnificence Holdings,” mentioned Ms. Paulonis.As a present board member, I do know firsthand that it is a pushed crew, and I could not be extra excited to be working within the discipline. Now we have a tremendous alternative to propel the corporate into its subsequent chapter, consolidate our place as a number one magnificence supplier and develop as a dynamic, fashionable, inclusive and worthwhile enterprise. I stay up for working with Sally Magnificence Holdings’ robust administration crew and proficient staff as we execute on our strategic priorities.

Sally Magnificence Holdings, Inc. about

Sally Magnificence Holdings, Inc. (NYSE: SBH), as a pacesetter in skilled hair coloration, sells and distributes skilled magnificence provides globally by the Sally Magnificence Provide and Magnificence Techniques Group companies. The corporate operates roughly 5,000 shops, which embody 141 franchise places. Sally’s magnificence provide retailer providing 8,000 merchandise for hair coloration, hair care, skincare and nails by Ion®, Generic Worth Merchandise®, Past the Zone® and Silk Parts® in addition to skilled traces equivalent to Wella We do. ®, Clairol®, OPI®, Conair® and Scorching Shot Instruments®. Magnificence Techniques Group shops, branded as CosmoProf® or Armstrong McCall® shops, with its exterior gross sales consultants, professionally together with Paul Mitchell®, Wella®, Matrix®, Schwarzkopf®, Canara®, Goldwell®, Joico®, as much as 10,500 Promote ​​branded merchandise. ® and CHI® are meant to be used in salons and for resale by salons to retail customers. Sally Magnificence Holdings, Inc. For extra details about, please go to https://www.sallybeautyholdings.com/.

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