Sally Beauty Holdings Announces Board Changes
December 15 2022 - 1:52PM
Business Wire
Robert McMaster to Step Down as Board Chair at
the End of his Current Term with his Retirement as Director
Diana Ferguson, Current Independent Director
and Chair of the Compensation and Talent Committee, to Become Board
Chair
Sally Beauty Holdings, Inc. (NYSE: SBH) (the “Company”) today
announced an upcoming change in its Board of Directors as part of a
planned leadership transition. Robert (“Bob”) McMaster, in
connection with his plans 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 Annual Meeting of Shareholders on
January 26, 2023. Diana Ferguson, current Independent Director, has
been tapped by the Board as its Chair-Elect.
Ms. Ferguson has been a Director at the Company since 2019 and
currently serves as Chair of the Compensation and Talent Committee.
She brings an extensive track record of success in corporate
financial management, strategic planning and transaction
execution.
Ed Rabin, Marshall Eisenberg and John Miller have also announced
their upcoming retirements from the Board and will not be standing
for re-election. These retirements follow 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 significant contributions to the Company’s
growth over the past 16 years,” said Denise Paulonis, president and
chief executive officer. “Together, they have been instrumental in
helping to grow Sally into a global international omnichannel
retailer that is beloved by our community of DIY beauty enthusiasts
and professional stylists. Over the past year, Diana has
contributed meaningfully to the establishment of the Company’s
future-focused strategic pillars with her insights, commitment,
financial expertise and Board experience. She is an outstanding
choice to lead our Board, and I look forward to working with Diana
in her new capacity.”
McMaster added, “It has been a privilege to serve on the Board
and as Chair of Sally Beauty Holdings. I’m very proud of all that
the Company has accomplished. We have been deliberate and
thoughtful about putting the right leadership in place to take the
Company into the future. Looking forward, I have great confidence
that Diana, along with Denise and the rest of our talented Board
and management team, will continue our goal of driving sustainable
growth and value creation for our shareholders.”
“I am honored to be Chair Elect to the Board and I thank Bob for
his leadership,” said Ms. Ferguson. “I believe strongly in our
mission and people, and I am confident Sally Beauty Holdings has
the right team and strategy in place to continue executing on our
strategic plan and delivering value for all our stakeholders. I
look forward to this opportunity and to continuing to work with my
fellow Directors and the Company’s management team to position
Sally Beauty for long-term success.”
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 private investment firm, since
2013. She formerly served as Chief Financial Officer to Cleveland
Avenue, LLC, a venture capital investment firm, from September 2015
to December 2020. She also served as Chief Financial Officer of the
Chicago Board of Education from February 2010 to May 2011 and as
Senior Vice President and Chief Financial Officer of The Folgers
Coffee Company from April 2008 to November 2008 when Folgers was
sold. Prior to joining Folgers, she was Executive Vice President
and Chief Financial Officer of Merisant Worldwide, Inc. Ms.
Ferguson also served as the Chief Financial Officer of Sara Lee
Foodservice, a division of Sara Lee Corporation, and in a number of
leadership positions at Sara Lee Corporation, including Senior Vice
President of Strategy and Corporate Development, as well as
Treasurer.
She currently is a Director of Mattel, Inc., where she serves on
the Audit Committee and is also a Director of Gartner, Inc., where
she serves on the Audit Committee.
About Sally Beauty Holdings
Sally Beauty Holdings, Inc. (NYSE: SBH), as the leader in
professional hair color, sells and distributes professional beauty
supplies globally through its Sally Beauty Supply and Beauty
Systems Group businesses. Sally Beauty Supply stores offer up to
7,000 products for hair color, hair care, nails, and skin care
through proprietary brands such as Ion®, Strawberry Leopard®,
Generic Value Products®, Beyond the Zone® and Silk Elements® as
well as professional lines such as Wella®, Clairol®, OPI®, Conair®
and L’Oreal®. Beauty Systems Group stores, branded as CosmoProf® or
Armstrong McCall® stores, along with its outside sales consultants,
sell up to 8,000 professionally branded products including Paul
Mitchell®, Wella®, Matrix®, Schwarzkopf®, Kenra®, Goldwell®, Joico®
and Olaplex®, intended for use in salons and for resale by salons
to retail consumers. For more information about Sally Beauty
Holdings, Inc., please visit
https://www.sallybeautyholdings.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20221215005950/en/
Jeff Harkins Investor Relations 940-297-3877
jharkins@sallybeauty.com
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