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 Names David J. Grissen as Chairman of the Board
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Regis Corporation (NYSE:RGS) has appointed David J. Grissen as the new Chairman of the Board, following the resignation of Daniel G. Beltzman effective November 14, 2021. Grissen, with over 30 years of experience at Marriott International, aims to leverage his franchise expertise to guide Regis in its transformation to a fully-franchised business model. As of September 30, 2021, Regis operated 5,843 locations worldwide, including brands like Supercuts and SmartStyle.
Positive
David J. Grissen's appointment as Chairman brings extensive franchise expertise and leadership experience.
Grissen's commitment to guiding Regis during its transformation to a fully-franchised business model is expected to support growth.
Negative
None.
MINNEAPOLIS--(BUSINESS WIRE)--
Regis Corporation (NYSE:RGS), a leader in the haircare industry, whose primary business is franchising technology-enabled hair salons, announces David J. Grissen has been unanimously elected as Chairman of the Regis Board of Directors (the “Board”).
“David’s deep franchise expertise and decades of experience running a large-scale, multi-brand system make him the perfect choice for Chairman. Given his recent retirement from Marriott International, we are delighted that he will be able to devote even more of his time to advising Regis and helping the Company grow as a franchise business,” Felipe Athayde, Chief Executive Officer said.
Mr. Grissen is the former Group President, Marriott International, Inc. He served in that role and other leadership roles at Marriott, a complex organization that includes franchised, managed and owned operations, for over 30 years.
Mr. Grissen added, “I am excited to take on the Chairman role and continue to provide guidance to our fantastic leadership team. With Regis’ transformation to a fully-franchised business complete, I am excited to lead the Board in this next phase.”
Daniel G. Beltzman tendered his resignation from the Board effective November 14, 2021. “I want to thank Daniel for his many years of service to the Company and for overseeing the successful transformation of Regis to a fully-franchised company,” Mr. Grissen added.
About Regis Corporation
Regis Corporation (NYSE:RGS) is the world’s largest and leading hair salon company. As of September 30, 2021, the Company franchised, owned or held ownership interests in 5,843 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 Relations section of the corporate website at www.regiscorp.com.
Who has been appointed as Chairman of Regis Corporation?
David J. Grissen has been unanimously elected as the Chairman of the Board of Regis Corporation.
What is the significance of David J. Grissen's appointment for RGS stockholders?
Grissen's extensive experience in franchising is expected to positively impact Regis Corporation's growth and strategy, which can benefit RGS stockholders.
When did Daniel G. Beltzman resign from Regis Corporation's Board?
Daniel G. Beltzman resigned from the Board effective November 14, 2021.
How many locations does Regis Corporation operate worldwide?
As of September 30, 2021, Regis Corporation operated 5,843 locations worldwide.
