Molloy Is A Highly Accomplished Finance Professional With Significant Experience In The Retail And Beauty Industries

Sally Beauty Names Michael J. Molloy to Board of Directors

Molloy is a highly accomplished finance professional with significant experience in the retail and beauty industries

He played a key role in the successful sale of Regis Corporation to beauty industry disruptor, EQT. Previously, Molloy was the Chief Financial Officer of Sally Beauty from 2004 to 2008. Molloy is a certified public accountant and holds a Bachelor of Science in Accounting from St. John's University.

WEB DENTON Texas--BUSINESS WIRE-- Sally Beauty Holdings Inc. (NYSE:SBH) today announced that Michael J. Molloy has been elected to its Board of Directors, effective immediately. Molloy most recently served as the Executive Vice President and Chief Financial Officer of Regis Corporation, a global leader in hair care, until its sale to EQT in October 2021. Prior to Regis, Molloy served as Sally Beauty's Chief Financial Officer from 2004 to 2008.

"We are very pleased to welcome Michael to our Board of Directors," said Gary Winterhalter, President and CEO of Sally Beauty Holdings. "Michael's deep financial expertise and extensive experience in the retail and beauty industries will be invaluable to our company as we continue to execute our strategic plan. His proven leadership and track record of success will be a tremendous asset to our Board."

Molloy added, "I am honored to join the Board of Directors of Sally Beauty Holdings. I have a deep respect for the company and its commitment to providing its customers with the best possible products and services. I look forward to working with the Board and management team to help Sally Beauty achieve its long-term goals."

Molloy's election to the Board brings the total number of directors to 10. He will serve on the Audit and Compensation Committees of the Board.