DENTON, Texas–(Business WIRE)–Sally Beauty Holdings, Inc. (NYSE: SBH) (the “Company”) today announced an forthcoming adjust in its Board of Administrators as section of a planned leadership changeover. Robert (“Bob”) McMaster, in relationship with his designs to retire as a Director, is not standing for re-election and will step down as Chair of the Board at the conclusion of the Company’s Once-a-year Assembly of Shareholders on January 26, 2023. Diana Ferguson, existing Independent Director, has been tapped by the Board as its Chair-Elect.
Ms. Ferguson has been a Director at the Firm considering the fact that 2019 and presently serves as Chair of the Compensation and Expertise Committee. She delivers an in depth keep track of record of accomplishment in company money administration, strategic arranging and transaction execution.
Ed Rabin, Marshall Eisenberg and John Miller have also introduced their upcoming retirements from the Board and will not be standing for re-election. These retirements adhere to the appointment of Rachel Bishop, Jeffrey Boyer and Chip Molloy to the Board in July 2022, which enhanced the Board’s expertise in retail operations, strategy and finance.
“On behalf of our Board, executive management team and all Sally Beauty Holdings associates, I would like to thank Bob, Ed, Marshall and John for their major contributions to the Company’s expansion around the earlier 16 many years,” claimed Denise Paulonis, president and chief govt officer. “With each other, they have been instrumental in helping to improve Sally into a world global omnichannel retailer that is beloved by our group of Do it yourself natural beauty fanatics and experienced stylists. In excess of the past 12 months, Diana has contributed meaningfully to the institution of the Company’s long term-concentrated strategic pillars with her insights, motivation, monetary expertise and Board expertise. She is an fantastic choice to direct our Board, and I appear forward to performing with Diana in her new ability.”
McMaster additional, “It has been a privilege to serve on the Board and as Chair of Sally Attractiveness Holdings. I’m quite happy of all that the Company has achieved. We have been deliberate and thoughtful about placing the correct leadership in spot to choose the Company into the long term. Seeking ahead, I have fantastic self confidence that Diana, alongside with Denise and the relaxation of our talented Board and management staff, will continue our aim of driving sustainable development and value creation for our shareholders.”
“I am honored to be Chair Elect to the Board and I thank Bob for his management,” mentioned Ms. Ferguson. “I feel strongly in our mission and people today, and I am self-assured Sally Natural beauty Holdings has the ideal team and approach in area to carry on executing on our strategic strategy and providing value for all our stakeholders. I glance forward to this possibility and to continuing to perform with my fellow Administrators and the Company’s management crew to placement Sally Natural beauty for very long-expression accomplishment.”
About Diana Ferguson
Ms. Ferguson was elected to Sally Beauty Holdings’ Board of Directors in January 2019. Ms. Ferguson has served as a principal of Scarlett Investments, LLC, a non-public financial investment firm, due to the fact 2013. She previously served as Main Financial Officer to Cleveland Avenue, LLC, a venture money investment company, from September 2015 to December 2020. She also served as Chief Money Officer of the Chicago Board of Education and learning from February 2010 to Could 2011 and as Senior Vice President and Main Monetary Officer of The Folgers Coffee Firm from April 2008 to November 2008 when Folgers was bought. Prior to signing up for Folgers, she was Executive Vice President and Main Monetary Officer of Merisant Worldwide, Inc. Ms. Ferguson also served as the Main Monetary Officer of Sara Lee Foodservice, a division of Sara Lee Company, and in a range of management positions at Sara Lee Corporation, such as Senior Vice President of Method and Corporate Development, as very well as Treasurer.
She at this time is a Director of Mattel, Inc., the place she serves on the Audit Committee and is also a Director of Gartner, Inc., where by she serves on the Audit Committee.
About Sally Magnificence Holdings
Sally Attractiveness Holdings, Inc. (NYSE: SBH), as the leader in specialist hair coloration, sells and distributes experienced attractiveness provides globally by means of its Sally Beauty Source and Magnificence Units Team companies. Sally Attractiveness Supply retailers provide up to 7,000 products for hair shade, hair treatment, nails, and skin treatment by proprietary manufacturers this kind of as Ion®, Strawberry Leopard®, Generic Benefit Products®, Further than the Zone® and Silk Elements® as nicely as professional lines such as Wella®, Clairol®, OPI®, Conair® and L’Oreal®. Beauty Methods Team shops, branded as CosmoProf® or Armstrong McCall® retailers, along with its outdoors sales consultants, sell up to 8,000 skillfully branded merchandise including Paul Mitchell®, Wella®, Matrix®, Schwarzkopf®, Kenra®, Goldwell®, Joico® and Olaplex®, meant for use in salons and for resale by salons to retail people. For extra facts about Sally Natural beauty Holdings, Inc., please go to https://www.sallybeautyholdings.com/.