Sally Beauty Names New CEO

Denise Paulonis will be appointed president and CEO of  Sally Beauty Holdings, Inc. effective October 1, 2021. Paulonis succeeds Chris Brickman who will be stepping down from his post and as a member of the board.
 
Brickman will serve in a consulting capacity through March 31, 2022  to support an orderly transition, said the beauty retailer.
 
Paulonis has been a member of the company’s board of directors since 2018 and is the current chair of the audit committee. Most recently she served as CFO of Sprouts Farmers Market. From 2014 to 2020, Paulonis served in various executive roles at The Michaels Companies, including as EVP and CFO, senior vice president of finance and treasurer, and vice president of corporate finance, investor relations and treasury. She has also held various senior level positions with PepsiCo, McKinsey & Company and Bank of America and earned a Bachelor of Science in finance and economics from Miami University and a Masters of Business Administration from The Wharton School at the University of Pennsylvania.
 
“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,” said Robert McMaster, chair of the Sally Beauty Holdings Board of Directors. 
 
He noted that during Brickman’s tenure, the company ushered in many new initiatives, “including strengthening Sally Beauty Holdings’ standing as the largest omni-channel hair color retailer, introducing modernized loyalty programs, investing significantly in technology and improving our digital capabilities, and leading the company through the pandemic.”