Sally Beauty Appoints Female CEO, Denise Paulonis – WWD

Sally Beauty Holdings has appointed a brand new president and chief government officer — Denise Paulonis.

With the transfer, Paulonis turns into one among few ladies main a publicly traded firm.

She succeeds Chris Brickman, who will step down Sept. 30.

Paulonis has been on Sally’s board since 2018. She was most lately chief monetary officer for Sprouts Farmers Market. She additionally has held a number of government roles at The Michaels Cos., together with government vp and CFO. Earlier than that, Paulonis held roles at PepsiCo., McKinsey & Co. and Financial institution of America.

“As a present board member, I do know firsthand what a pushed workforce that is, and I couldn’t be extra excited to hit the bottom operating,” Paulonis mentioned in an announcement. “We now have an incredible alternative to propel the corporate into its subsequent chapter, solidifying our place as a number one beauty supplier and shifting ahead as a dynamic, fashionable, inclusive and worthwhile enterprise.”

Robert McMaster, the chair of Sally Magnificence, mentioned that now could be the suitable time for a management transition give Sally Magnificence’s progress in turning across the enterprise. “Throughout Chris’ tenure, the corporate ushered in lots of new initiatives, together with strengthening Sally Beauty Holdings’ standing as the most important omnichannel hair colour retailer, introducing modernized loyalty packages, investing considerably in know-how and enhancing our digital capabilities and main the corporate by way of the pandemic,” McMaster mentioned in an announcement.

For the quarter ended June 30, Sally posted a forty five p.c uptick in net gross sales, to greater than $1 billion, with net earnings of $76 million, in comparison with a loss within the 2020 quarter, through the pandemic.

He mentioned Paulonis’ appointment was made “to make sure that Sally Beauty Holdings is finest positioned to proceed its momentum.”

“We unanimously imagine Denise is the suitable chief to drive the subsequent stage of the corporate’s development,” he added. “We imagine Denise will present recent views and useful insights with a view to take our manufacturers and our firm into the long run.”

With the appointment, Paulonis turns into one among a handful of ladies CEOs main a publicly traded magnificence enterprise.

There’s additionally Roz Brewer, who was appointed Walgreens CEO earlier this yr, and Sue Nabi at Coty Inc., in addition to Linda Rendle at Clorox.



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