An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Regis Corporation Appoints Matthew Doctor as President and Chief Executive Officer
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Regis Corporation (NYSE: RGS) has appointed Matthew Doctor as its new President and CEO, effective immediately. Doctor has been the Interim CEO since December 2021 and has extensive experience in the industry, including his role as Executive VP and Chief Strategy Officer. The board expressed confidence in his leadership, noting his ability to stabilize the organization and engage with franchisees. Doctor aims to unlock the company's potential and lead the recovery following the pandemic. As of December 31, 2021, Regis operated 5,779 locations worldwide.
Positive
Matthew Doctor's appointment as CEO may bring fresh perspectives and strengthen leadership.
Doctor's experience in the industry is expected to enhance strategic execution.
Negative
Concerns regarding continuity as the company transitions from an interim to a permanent CEO.
MINNEAPOLIS--(BUSINESS WIRE)--
Regis Corporation (NYSE: RGS), a leader in the haircare industry, has appointed Matthew Doctor as the Company’s President and Chief Executive Officer (CEO) and will join the Company’s Board of Directors. Matt has been serving as the Company’s Interim Chief Executive Officer since December 2021 and previously was Executive Vice President and Chief Strategy Officer. Prior to joining the Company in February 2021, he was a Partner of Kava Restaurants LLC, a Tim Horton's franchisee. Prior to Kava, Matt held several roles at Restaurant Brands International, including Head of Global Development and Franchisee Performance for the Burger King brand. Matt started his career in investment banking with J.P. Morgan.
“Seeing Matt in action as Interim CEO has only confirmed and strengthened the board's belief that he is the right leader for Regis during this pivotal time,” said David Grissen, Chairman of the Regis Board of Directors. “In a short period of time, Matt has stabilized the team, built relationships and trust with our franchisees, led our key initiatives, and laid the groundwork for Regis’ future. The Board has full confidence in Matt and his leadership team, and the strategies they have underway to recover from the impact of the pandemic and improve performance.”
“I am humbled and excited to be appointed the CEO of Regis,” said Matt. “I have always believed we have the right mix to be successful, given our industry, brands, employees, franchisees, stylists and scale. After being in the interim role and spending a great deal of time listening to the franchisee community, I have even more conviction in our go forward priorities. It is now time for Regis to execute in order to unlock the potential of our transformed business model.”
About Regis Corporation
Regis Corporation (NYSE:RGS) is leader in the beauty salon industry. As of December 31, 2021, the Company franchised, owned or held ownership interests in 5,779 worldwide locations. Regis' franchised and corporate locations operate under concepts such as Supercuts®, SmartStyle®, Cost Cutters®, Roosters® and First Choice Haircutters®. Regis maintains an ownership interest in Empire Education Group in the U.S. For additional information about the Company, please visit the Investor Information section of the corporate website at www.regiscorp.com.
What are the details of the new CEO appointment at Regis Corporation (RGS)?
Matthew Doctor has been appointed as the President and CEO of Regis Corporation, effective immediately, after serving as Interim CEO since December 2021.
What experience does Matthew Doctor have relevant to his role as CEO of RGS?
Matthew Doctor has experience as Executive VP and Chief Strategy Officer at Regis and previously held positions at Kava Restaurants and Restaurant Brands International.
How many locations does Regis Corporation operate?
As of December 31, 2021, Regis Corporation operates 5,779 locations worldwide.
What is the board's view on Matthew Doctor's leadership at Regis Corporation?
The board has full confidence in Matthew Doctor's leadership, citing his ability to stabilize the team and build trust with franchisees.
What are the future priorities for Regis Corporation under CEO Matthew Doctor?
Matthew Doctor aims to execute strategies that unlock the potential of Regis' transformed business model.
