Marlo Cormier to resign to pursue other opportunities
Guidance reaffirmed for Q2 and fiscal year 2026
Plano, Texas, April 2, 2026–(BUSINESS WIRE)–Sally Beauty Holdings (NYSE: SBH) (the “Company”) today announced that Adrian Lee has been appointed Senior Vice President and Chief Financial Officer, effective April 28, 2026. Lee replaces Marlo Cormier, who is leaving the company on April 11, 2026 to pursue other opportunities.
Mr. Lee brings significant relevant experience to this role, most recently serving as President and CFO of Bed Bath & Beyond. Mr. Lee joined Bed Bath & Beyond in 2020 as CFO, became Chief Administrative Officer in 2024, and became President in 2025. Prior to that, he held senior management positions at The Hertz Corporation from 2014 to 2020, including Senior Vice President and CFO, North American Rental Car and Automotive Sales, and Vice President of Global Financial Planning and Analysis. Earlier in his career, Mr. Lee held finance-focused positions at Best Buy Co., Inc., PepsiAmericas, Inc., Allianz Life, and Price Waterhouse Coopers. Ms. Lee attended the University of St. Thomas in St. Paul, Minnesota, where she earned a bachelor’s degree with honors in business administration with an emphasis in accounting.
“We are very excited to welcome Adrianne to our company,” said Dennis Paulonis, president and chief executive officer. “Adrienne brings deep financial expertise and strong strategic thinking to retail and other consumer-facing industries. Her business acumen will help him She will be a strong addition to our senior leadership team, and her proven talent development skills will be a great asset as she leads our finance function. I look forward to working closely with her as we continue to execute our company’s strategy.”
Mr. Lee said, “I am honored to join the company at such a critical point in our journey, with a strong brand, clear strategic priorities, and meaningful opportunities ahead. Together with Dennis and the rest of the management team, we will continue to drive our growth strategy, maintain disciplined financial execution, and help drive long-term value for our shareholders.”
Paulonis added, “On behalf of the board and management team, I would like to thank Marlo for her service to the company over the past six years and her many positive contributions. We wish her every success in her next chapter.”
The Company reaffirms its financial guidance for the second quarter and fiscal year of 2026 previously provided on February 9, 2026.
About Sally Beauty Holdings Co., Ltd.
Sally Beauty Holdings, Inc. (NYSE: SBH) is a leader in professional hair color, selling and distributing professional beauty products worldwide through its Sally Beauty and Beauty Systems Group divisions. Sally Beauty stores offer up to 7,000 products in hair color, hair care, nails and skin care through proprietary brands such as Ion.®bond bar®strawberry leopard®generic value products®inspired by nature® and silk elements® Professional lines such as Wella are also available.®Clairol®,OPI®L’Oreal®,Wahl® and baby squirrel pro®. Beauty System Group stores under the brand Cosmo Prof® or Armstrong McCall® Our stores and outside sales consultants sell up to 8,000 specialty brand products, including Paul Mitchell.®Wella®,matrix®Schwarzkopf®,kenra®Goldwell®Joico®friendly® and moroccan oil®for use in salons, and for resale by salons to retail consumers. For more information about Sally Beauty Holdings, Inc., please visit sallybeautyholdings.com/investor-relations.
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Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from those described in the forward-looking statements, including “Risk Factors” described in Item 1A of our Annual Report on Form 10-K for the year ended September 30, 2025 and other filings with the Securities and Exchange Commission. Accordingly, all forward-looking statements contained in this release are qualified by the factors, risks and uncertainties involved. We undertake no obligation to publicly update or revise any forward-looking statements.
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contact address
jeff harkins Vice President of Investor Relations and Finance jharkins@sallybeauty.com 940-297-4131
