Sally Beauty says McMaster to step down as Chair, Ferguson to succeed

Sally Beauty announced an upcoming change in its board of directors as part of a planned leadership transition. Robert 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 meeting of shareholders on January 26, 2023. Diana Ferguson, current Independent Director, has been tapped by the board as its Chair-Elect. "Ms. Ferguson has been a Director at the company since 2019 and currently serves as Chair of the Compensation and Talent Committee. She brings an extensive track record of success in corporate financial management, strategic planning and transaction execution. Ed Rabin, Marshall Eisenberg and John Miller have also announced their upcoming retirements from the Board and will not be standing for re-election. These 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," the company said.