STOCK TITAN

Regis Corporation Names John Davi as Chief Technology Officer

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Regis Corporation (NYSE:RGS) announces John Davi as the new Chief Technology Officer, aiming to enhance its Opensalon ecosystem. With over 20 years in technology, Davi has previously worked with BriteCore and MINDBODY, and has experience in artificial intelligence and media solutions. His expertise is expected to drive technology development and improve franchisee support. Regis operates the world's largest franchise network of hair salons, with 5,917 locations globally as of June 30, 2021.

Positive
  • Appointment of John Davi as CTO, enhancing leadership in technology development.
  • Davi's extensive experience in product development is set to improve the Opensalon ecosystem.
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 John Davi joins the company as Chief Technology Officer.

“John’s deep expertise in product development and his track record of growing consumer-facing platforms make him the perfect leader to take our Opensalon® ecosystem to the next level. His previous experience serving a multitude of different businesses through digital platforms will accelerate his impact and ensure our technology is world-class and serves our salons and beyond.” Felipe Athayde, Chief Executive Officer said.

Most recently Mr. Davi was Chief Product Officer for the property and casualty insurance platform BriteCore. He was previously Senior Vice President of Product at MINDBODY, Inc., a technology platform for the fitness, beauty and wellness services industries, acquired by Vista Equity Partners. Mr. Davi brings more than twenty years of technology experience to Regis, including six years as the founding Vice President of Product for the artificial intelligence company Diffbot and five years as Head of Engineering for Cisco Systems’ Media Solutions Group.

Mr. Davi added, “I am excited to join Regis and provide our franchisees with technology to help them attract and retain customers, and manage and grow their businesses. This industry — and many just like it — is ready for a new era of tech-driven growth. Having built and scaled business-defining platforms throughout my career, I recognize in Opensalon the foundation for just that, and I could not be more eager to lead this next phase.”

As an active entrepreneur and advisor, Mr. Davi invested in and developed the core product for the telemedicine company Apostrophe, acquired by Hims & Hers (NYSE:HIMS) in 2021. Mr. Davi received his Bachelor of Arts from Stanford University. He lives in California with his family.

About Regis Corporation

Regis Corporation (NYSE:RGS) is the world’s largest and leading hair salon company. As of June 30, 2021, the Company franchised, owned or held ownership interests in 5,917 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.

Regis Corporation

Kersten Zupfer

investorrelations@regiscorp.com

Source: Regis Corporation

FAQ

What is the significance of John Davi joining Regis Corporation?

John Davi's appointment as CTO is expected to enhance technology within the Opensalon ecosystem, benefiting franchisees.

How many locations does Regis Corporation operate worldwide?

As of June 30, 2021, Regis Corporation operates 5,917 locations globally.

What experience does John Davi bring to Regis Corporation?

John Davi has over 20 years of technology experience, including roles at BriteCore, MINDBODY, and Cisco Systems.

What are the main brands under Regis Corporation?

Regis Corporation operates brands such as Supercuts, SmartStyle, Cost Cutters, and Roosters.

What impact will Davi's role have on franchisees?

Davi is expected to provide franchisees with improved technology to help attract and retain customers.

Regis Corporation

NASDAQ:RGS

RGS Rankings

RGS Latest News

RGS Stock Data

43.94M
1.99M
12.8%
20.46%
2.11%
Personal Services
Services-personal Services
Link
United States of America
MINNEAPOLIS