THE WHAT? Sally Beauty has announced a leadership reshuffle, with Denise Paulonis appointed as the new President and CEO.
THE DETAILS Joining the company from her position as Chief Financial Officer of Sprouts Farmers Market, Paulonis will succeed Chris Brickman.
Brickman will be stepping down from his position and as a member of the board effective 30th September. He will continue working with the company on a consultancy basis.
THE WHY? According to a press release, the leadership transition is the ‘result of the Board of Directors’ and Mr. Brickman’s deliberate and collaborative approach to succession planning.’
Robert McMaster, Chair of the Sally Beauty Holdings Board of Directors said, “As the Company emerges from the hard work of its transformation, both the Board and Chris agree that now is the right time for a change in leadership.”