Denton, Texas — Sally Beauty Holdings, Inc. has named President and COO Chris Brickman to succeed Gary Winterhalter as chief executive officer. The appointment was made effective February 1, 2015.
Winterhalter will continue to serve the company as executive chairman of the board of directors.
Winterhalter served as the company’s CEO since its separation from The Alberto-Culver Company in 2006. Under his leadership, sales grew from $2.4 billion to $3.8 billion, adjusted EBITDA more than doubled and the stock price quadrupled.
“This transition is timely as the company is doing well and we have a successor in place,” says Winterhalter. “Sally Beauty is well positioned for continued growth, and I am confident that Chris and his management team can take the company to the next level. I am extremely proud of our employees, and tremendously grateful to our suppliers and customers, who all have helped make Sally Beauty Holdings successful. I look forward to working with Chris and the board of directors in my role as executive chairman.”
Brickman has been a member of the Sally Beauty Holdings board of directors since September 2012 and has served as the company’s president and chief operating officer since June 2, 2014. Before joining the company, he was president of Kimberly-Clark International.
Sally Beauty Holdings, Inc. is an international specialty retailer and distributor of professional beauty supplies. Through the Sally Beauty Supply and Beauty Systems Group businesses, the company sells and distributes through 4,800 stores, including approximately 200 franchised units, throughout the United States, the United Kingdom, Belgium, Chile, Peru, France, the Netherlands, Canada, Puerto Rico, Mexico, Ireland, Spain and Germany. For more information, visit sallybeautyholdings.com.
SOURCE: Sally Beauty Holdings, Inc.