Sally Beauty Holdings announced that three of its board members – James Berges, Kenneth Giurieceo and Richard Schnall – who are all connected to its former equity investment partner CD&R, have retired from the executive panel.
The retirements come in connection with the fact that CD&R has recently exited its investment in Sally Beauty.
Sally Beauty executive make-over
Speaking about the executive’s contribution, Gary Winterhalter, Chairman, President and CEO said:“They played a key role in our launch as a separate public company and over the last five years have been helpful business advisors to the board and management. We wish them well in their future endeavors.”
Likewise the Sally Beauty executive board confirmed the appointment of Gary Winterhalter to replaced Berges as the chairman of the board, while confirming that Winterhalter would continue to serve as the company’s president and CEO.
Meanwhile, Lubrizol has announced the promotion of Malte Ruffing to the position of global hair care marketing managing, a position that will build on ten years of technical, sales and marketing experience in the business.
Lubrizol extends responsibilities for Malte Ruffing
Ruffing will join Marie Ollangnier and Timothy Roach as part of the marketing team responsible for growth strategies for the hair care, skin care and bath and shower categories, respectively.
Ruffing will be charged with leading strategic development and implementation to drive profitable growth in the company’s hair care ingredients business, and will be based out of the US company’s operations in Frankfurt, Germany.
Hallstar appoints new COO
Finally, the Hallstar Company has promoted Louis Pace to the position of chief operating officer, assuming responsibilities for operations, supply chain and continuous improvements, in addition to his existing responsibilities for sales, marketing and business development.
The new role sees Pace’s key role in the development and growth of the business extended to new areas of the business, having joined the company back in September 2010 as executive vice president.
Initially his appointment focused on implementing an international growth strategy for the business, and was subsequently voted an officer of the corporation in December 2010, while in April 2011 all sales and marketing functions began reporting to him.