Sally Magnificence Holdings appoints three new unbiased administrators to the board of administrators

DENTON, Texas – (COMMERCIAL LINE) – Sally Magnificence Holdings, Inc. (NYSE: SBH) as we speak introduced the appointment of Rachel R. Bishop, Ph.D., President, Hefty Tableware at Reynolds Client Merchandise; Jeffrey Boyer, Chief Working Officer of the Fossil Group; and Lawrence “Chip” Molloy, Chief Monetary Officer of Sprouts Farmers Market, to its Board of Administrators, efficient instantly. With these appointments, Sally Magnificence Holdings’ board is now 46% feminine and eight% racially / ethnically various, and 69% have joined prior to now 5 years.

On behalf of my fellow administrators, we’re more than happy to welcome Rachel, Jeff and Chip to the board of Sally Magnificence Holdings, ”mentioned Bob McMaster, chairman of the board. “These appointments are in step with our dedication to decide to an intentional and considerate replace of the board and produce to the board three extremely revered executives with in depth expertise within the retail and shopper items business. Collectively, Rachel, Jeff and Chip improve our expertise in retail operations, technique, finance and we sit up for benefiting from their insights and new views. We’re assured that every of them will make a helpful contribution to the Board and the Firm to assist promote sustainable development and irresistible shareholder worth. ”

About Rachel Bishop, Ph.D.

Ms. Bishop has over 20 years of expertise in shopper items, manufacturing and retail. She is presently the President of Hefty Tableware at Reynolds Client Merchandise (NASDAQ: REYN), the place she oversees a $ 1 billion shopper product portfolio and leads Reynolds’ ESG programming. He was a member of the administration group that guided Reynolds by means of a profitable IPO in January 2020. Previous to becoming a member of Reynolds in 2019, he held senior positions at Treehouse Meals, Inc., (NYSE: THS) since 2014 to 2018, together with President, Snack and SVP Division and Chief Technique Officer. Her earlier roles embody GVP Retail Growth and International Merchandising at The Walgreen Co., now Walgreens Boots Alliance Inc., and he or she started her entrepreneurial profession with eight years at McKinsey & Firm. Ms. Bishop holds a Ph.D. in Supplies Science and Engineering from Northwestern College and a BA in Supplies Science and Engineering and in Geophysics from Brown College.

About Jeffrey Boyer

Mr. Boyer is a seasoned monetary and operations govt and a veteran of the retail business. He presently serves as Chief Working Officer of Fossil Group (NASDAQ: FOSL) after having held the position of Chief Monetary Officer and Treasurer from October 2017 to April 2020. Mr. Boyer has additionally served as director of the Fossil Group board since 2007. to 2017, together with the position of chairman and member of its audit committee. Previous to becoming a member of the Fossil Group, Boyer held Chief Monetary Officer roles at Pier 1 Imports, Tuesday Morning, and Michaels Shops, Inc., amongst others. He started his profession at PricewaterhouseCoopers. Mr. Boyer holds a Bachelor of Science in Finance from the College of Illinois.

About Lawrence “Chip” Molloy

Mr. Molloy brings to Sally Magnificence expertise within the fields of finance, personal fairness and the board of administrators. He presently serves as Chief Monetary Officer of Sprouts Farmers Market (NASDAQ: SFM) after serving as Director and Chair of the Audit and Compensation Committees of the Sprouts Board of Administrators from 2012 to 2021 and as Interim Chief Monetary Officer of Sprouts June 2019 to February 2020 Beforehand, Molloy served as director and chair of Torrid’s audit committee from 2018 to 2021 and Torrid’s interim chief govt from January 2018 to August 2018. His earlier roles embody Senior Advisor at Roark Capital Group, a non-public fairness agency the agency has targeted totally on the restaurant and retail sectors, in addition to holding Chief Monetary Officer roles at Below Armor and Petsmart. Previous to his profession in enterprise, Chip served as a US Navy fighter pilot for 10 years, then retired from the Naval Reserve with the rank of Commander. Mr. Molloy holds an MBA from the College of Virginia and a Bachelor of Science in Pc Science from america Naval Academy.

About Sally Magnificence Holdings, Inc.

Sally Magnificence Holdings, Inc. (NYSE: SBH), as a frontrunner in skilled hair coloring, sells and distributes skilled magnificence merchandise globally by means of its Sally Magnificence Provide and Magnificence Methods Group companies. Sally Magnificence Provide shops supply as much as 7,000 hair colour, hair care, nail and skincare merchandise by means of proprietary manufacturers comparable to Ion®, Generic Worth Merchandise®, Past the Zone® and Silk Parts® in addition to skilled traces comparable to Wella ®, Clairol®, OPI®, Conair® and L’Oreal®. Magnificence Methods Group shops, branded as CosmoProf® or Armstrong McCall®, along with its exterior gross sales consultants, promote as much as 10,000 skilled model merchandise together with Paul Mitchell®, Wella®, Matrix®, Schwarzkopf®, Kenra®, Goldwell ®, Joico ® and Olaplex®, supposed to be used in salons and for resale by salons to retail shoppers. For extra info on Sally Magnificence Holdings, Inc., please go to https://www.sallybeautyholdings.com/.

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