Sally Beauty Holdings, Inc.
(NYSE: SBH) (“the Company”) today announced a number of senior
leadership team appointments in the areas of Finance, Operations
and Information Technology, consistent with the Company’s prior
succession planning. The Company also announced that Aaron Alt,
Chief Financial Officer and President of Sally Beauty Supply, will
be leaving the company, effective November 27, 2020, in order to
pursue other opportunities. As discussed on the Company’s November
12, 2020 earnings call, the Company remains on track with its
transformation plan.
Senior Leadership Appointments
- Marlo Cormier has been appointed as Chief
Financial Officer. Ms. Cormier has been the Senior Vice
President of Finance and Chief Accounting Officer since joining the
Company in April 2020.
Prior to
joining the Company, Ms. Cormier was the Senior Vice President,
Corporate Finance and Chief Accounting Officer at Fossil Group,
Inc. from 2013 to 2020 where her responsibilities included General
Accounting, SEC Reporting, Financial Planning and Analysis, Tax and
Treasury. Prior to Fossil Group, Ms. Cormier served in various
executive roles at Callaway Golf from 2001 to 2013, including Vice
President and Chief Accounting Officer. Ms. Cormier has a
Bachelor’s degree in Business Administration from Oregon State
University and is a Certified Public Accountant with seven years of
experience with Deloitte where she held the position of Manager of
Accounting and Audit Services.
- John Goss has been appointed as Senior
Vice President and President of Sally Beauty Supply.
Mr. Goss
brings over 30 years of retail experience to the role, having most
recently served as Group Vice President and Head of Stores and
Operations for Sally Beauty Supply. His responsibilities included
leading over 2,900 retail stores and supporting the operations
team, and most recently he led the deployment of Ship-From-Store
(SFS) and Buy Online/Pickup in Store (BOPIS) across the Sally
Beauty store network. Prior to joining the Company in 2016, Mr.
Goss served consecutively as Vice President of Operations and then
Vice President of Transformation Management Office for Signet
Jewelers. Mr. Goss has held various leadership roles at Zales
Jeweler, T-Mobile, Gap Inc., and L Brands throughout his career.
Mr. Goss holds a Bachelor’s degree in Business Management from The
University of Phoenix.
- Mary Beth Edwards has been appointed as
Senior Vice President, Chief Information Officer and Chief
Transformation Officer.
Previously,
Ms. Edwards served as Group Vice President, Global Sourcing of
Sally Beauty Holdings since April 2019. Prior to joining the
Company, Ms. Edwards was Vice President of Global Operations at
Arrow Electronics from 2015 to 2019 and Vice President, Operations
ECS, Arrow Electronics from 2009 to 2015. Ms. Edwards is a combat
veteran officer of the U.S. Army and holds a Bachelor of Arts from
Temple University.
“Today’s changes reflect both
the depth of our team as well as the strength of our succession
planning process,” said Chris Brickman, president and chief
executive officer. “Marlo brings extensive financial experience and
leadership to the Company and John has a proven track record of
retail leadership where he has delivered sales and profitable
growth coupled with excellent transformational execution. In
addition, Mary Beth has proven to be a great asset to the Company
with her outstanding leadership of our transformation and key
technology initiatives. Finally, we would like to thank Aaron for
his many contributions to our aggressive transformation plan.” Mr.
Alt added, “I’m proud of what we have accomplished with our
transformation investments over the last few years, and I wish
Chris and the team success.”
About Sally Beauty Holdings, Inc.
Sally Beauty Holdings, Inc. (NYSE: SBH) is an international
specialty retailer and distributor of professional beauty supplies
with revenues of approximately $3.5 billion annually. Through the
Sally Beauty Supply and Beauty Systems Group businesses, the
Company sells and distributes through 5,038 stores, including 143
franchised units, and has operations throughout the United States,
Puerto Rico, Canada, Mexico, Chile, Peru, the United Kingdom,
Ireland, Belgium, France, the Netherlands, Spain and Germany. On
average, Sally Beauty Supply stores offer about 8,000 products for
hair color, hair care, skin care, and nails through proprietary
brands such as Ion®, Generic Value Products®, Beyond the Zone® and
Silk Elements® as well as professional lines such as Wella®,
Clairol®, OPI®, Conair® and Hot Shot Tools®. On average, Beauty
Systems Group stores, branded as Cosmo Prof or Armstrong McCall
stores, along with its outside sales consultants, sell about 10,500
professionally branded products including Paul Mitchell®, Wella®,
Matrix®, Schwarzkopf®, Kenra®, Goldwell®, Joico® and CHI®, intended
for use in salons and for resale by salons to retail consumers. For
more information about Sally Beauty Holdings, Inc., please visit
sallybeautyholdings.com.
Cautionary Notice Regarding Forward-Looking
Statements
Statements in this news release and the schedules hereto which
are not purely historical facts or which depend upon future events
may be forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements, as that term is defined in the Private Securities
Litigation Reform Act of 1995, can be identified 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 negative thereof, or other
variations thereon, or comparable terminology, or by discussions of
strategy, objectives, estimates, guidance, expectations and future
plans. Forward-looking statements can also be identified by the
fact these statements do not relate strictly to historical or
current matters.
Readers are cautioned not to place undue reliance on
forward-looking statements as such statements speak only as of the
date they were made. Any forward-looking statements involve risks
and uncertainties that could cause actual events or results to
differ materially from the events or results described in the
forward-looking statements, including, but not limited to, the
risks and uncertainties related to COVID-19 and those described in
our filings with the Securities and Exchange Commission, including
our most recent Annual Report on Form 10-K for the year ended
September 30, 2019, our Quarterly Report on Form 10-Q for the
quarter ended June 30, 2020, and our Current Report on Form 8-K
dated as of July 30, 2020, each as filed with the Securities and
Exchange Commission. Consequently, all forward-looking statements
in this release are qualified by the factors, risks and
uncertainties contained therein. We assume no obligation to
publicly update or revise any forward-looking statements.
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Jeff Harkins Investor Relations 940-297-3877
Sally Beauty (NYSE:SBH)
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