In a planned leadership transition, Sally Beauty Holdings announced that Bob McMaster, in connection with his plans to retire as a director, is not standing for re-election and will step down as chair of the board at the conclusion of the company’s annual shareholders meeting on January 26, with Diana Ferguson, a current independent director, stepping into his role.
In the course of her career, Ferguson has served as a principal of Scarlett Investments, a private investment firm, as CFO of Cleveland Avenue, a venture capital investment firm, CFO of the Chicago Board of Education and as senior vp and CFO of The Folgers Coffee Co.
Ed Rabin, Marshall Eisenberg and John Miller also announced their upcoming retirements from the board and will not be standing for re-election. The retirements follow the appointment of Rachel Bishop, Jeffrey Boyer and Chip Molloy to the Board in July 2022, which enhanced the board’s expertise in retail operations, strategy and finance, Sally Beauty stated.
“On behalf of our board, executive management team and all Sally Beauty Holdings associates, I would like to thank Bob, Ed, Marshall and John for their significant contributions to the company’s growth over the past 16 years,” Denise Paulonis, Sally Beauty president and CEO, said in announcing the changes. “Together, they have been instrumental in helping to grow Sally into a global international omnichannel retailer that is beloved by our community of DIY beauty enthusiasts and professional stylists. Over the past year, Diana has contributed meaningfully to the establishment of the company’s future-focused strategic pillars with her insights, commitment, financial expertise and board experience.”
