Sally Beauty Holdings Announces Leadership Transition

Robert Hundley

DENTON, Texas–(Company WIRE)–Sally Elegance Holdings, Inc. (NYSE: SBH) (“the Company”) currently announced that Denise Paulonis will be appointed President and Chief Executive Officer, productive October 1, 2021. Ms. Paulonis succeeds Chris Brickman who will be stepping down. Mr. Brickman will keep on to provide as President and Chief Govt Officer of the Enterprise and as a member of the Board until finally September 30, 2021, when he will action down from each positions. Thereafter, Mr. Brickman will serve in a consulting capacity by March 31, 2022, to assistance an orderly transition. This leadership transition is the end result of the Board of Directors’ and Mr. Brickman’s deliberate and collaborative method to succession setting up.

Ms. Paulonis has been a member of the Company’s Board of Administrators considering that 2018 and is the latest Chair of the Audit Committee. Most not too long ago she served as Chief Economical Officer of Sprouts Farmers Market. From 2014 to 2020, Ms. Paulonis served in a variety of govt roles at The Michaels Providers, such as as Government Vice President and CFO, Senior Vice President of Finance and Treasurer, and Vice President of Company Finance, Trader Relations and Treasury. From 2000 to 2014, Ms. Paulonis held numerous senior stage positions with PepsiCo, McKinsey & Firm and Lender of America. She acquired a Bachelor of Science in finance and economics from Miami College and a Masters of Business enterprise Administration from The Wharton School at the College of Pennsylvania.

Robert McMaster, Chair of the Sally Attractiveness Holdings Board of Directors claimed, “As the Business emerges from the difficult do the job of its transformation, both of those the Board and Chris agree that now is the appropriate time for a transform in management. In the course of Chris’s tenure, the Firm ushered in quite a few new initiatives, such as strengthening Sally Splendor Holdings’ standing as the premier omni-channel hair shade retailer, introducing modernized loyalty plans, investing noticeably in know-how and strengthening our digital capabilities, and leading the Firm via the pandemic. On behalf of the overall Board, I want to thank Chris for his services and numerous contributions to Sally Beauty Holdings about the past 7 many years and, in particular, for the proficient staff he has put in place. We wish him properly in the next chapter of his profession.”

Mr. McMaster ongoing, “The Board has taken a considerate tactic to succession preparing to assure that Sally Beauty Holdings is ideal positioned to continue on its momentum, and we unanimously think Denise is the ideal chief to drive the up coming phase of the Company’s progress. With her experience and proven commitment to the Corporation, we believe Denise will deliver contemporary views and beneficial insights in buy to take our makes and our business into the long run. The Board and I appear forward to doing work with Denise in her new role as we develop important benefit for our buyers, shareholders and employees.”

Mr. Brickman stated, “I am immensely happy of all that our staff has achieved, and I consider the best is nevertheless to come for Sally Natural beauty Holdings. I congratulate Denise and look forward to performing with her to be certain a seamless transition. I am self-assured that her leadership will inspire the workforce and travel the Enterprise to foreseeable future development and good results.”

“I am both of those honored and energized to have been appointed as Sally Elegance Holdings’ up coming Chief Govt Officer,” said Ms. Paulonis. “As a existing Board member, I know firsthand what a pushed workforce this is, and I could not be far more fired up to strike the ground functioning. We have an amazing chance to propel the Business into its following chapter, solidifying our spot as a primary magnificence service provider and going forward as a dynamic, present day, inclusive and profitable small business. I glance ahead to doing work with Sally Attractiveness Holdings’ robust administration crew and proficient employees as we execute on our strategic priorities.”

About Sally Natural beauty Holdings, Inc.

Sally Magnificence Holdings, Inc. (NYSE: SBH), as the chief in skilled hair color, sells and distributes professional elegance supplies globally by way of its Sally Beauty Source and Natural beauty Units Group companies. The Business operates about 5,000 suppliers, such as 141 franchised destinations. Sally Elegance Offer stores provide up to 8,000 products for hair coloration, hair care, pores and skin treatment, and nails through proprietary makes these kinds of as Ion®, Generic Price Products®, Over and above the Zone® and Silk Elements® as nicely as experienced lines these types of as Wella®, Clairol®, OPI®, Conair® and Scorching Shot Tools®. Magnificence Programs Group suppliers, branded as CosmoProf® or Armstrong McCall® stores, alongside with its outdoors sales consultants, market up to 10,500 professionally branded products and solutions together with Paul Mitchell®, Wella®, Matrix®, Schwarzkopf®, Kenra®, Goldwell®, Joico® and CHI®, supposed for use in salons and for resale by salons to retail customers. For much more facts about Sally Splendor Holdings, Inc., you should visit https://www.sallybeautyholdings.com/.

Ahead-Hunting Statements

Statements in this information release which are not purely historical information or which rely on foreseeable future occasions might be ahead-hunting statements within just the this means of Section 27A of the Securities Act of 1933, as amended, and Segment 21E of the Securities Exchange Act of 1934, as amended. Forward-on the lookout statements, as that phrase is defined in the Personal Securities Litigation Reform Act of 1995, can be recognized by the use of forward-looking terminology such as “believes,” “projects,” “expects,” “can,” “may,” “estimates,” “should,” “plans,” “targets,” “intends,” “could,” “will,” “would,” “anticipates,” “potential,” “confident,” “optimistic,” or the unfavorable thereof, or other variations thereon, or similar terminology, or by discussions of strategy, targets, estimates, steering, expectations and potential plans. Forward-wanting statements can also be discovered by the fact that these statements do not relate strictly to historic or present issues. Visitors are cautioned not to area undue reliance on forward-searching statements as such statements converse only as of the date they ended up designed. Any ahead-looking statements involve dangers and uncertainties that could result in true functions or success to differ materially from the functions or results described in the ahead-looking statements, like, but not minimal to, the threats and uncertainties relevant to COVID-19 and these explained in our filings with the Securities and Exchange Fee, which include our Annual Report on Sort 10-K for the yr ended September 30, 2020. For that reason, all ahead-wanting statements in this release are capable by the elements, pitfalls and uncertainties contained therein. We suppose no obligation to publicly update or revise any forward-on the lookout statements.

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