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REGIS CORPORATION

(RGS)
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Regis Corporation Names David J. Grissen as Chairman of the Board

11/15/2021 | 06:31am EST

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.


ę Business Wire 2021
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Analyst Recommendations on REGIS CORPORATION
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Financials (USD)
Sales 2022 289 M - -
Net income 2022 -14,8 M - -
Net Debt 2022 - - -
P/E ratio 2022 -3,41x
Yield 2022 -
Capitalization 63,5 M 63,5 M -
Capi. / Sales 2022 0,22x
Capi. / Sales 2023 0,22x
Nbr of Employees 1 172
Free-Float -
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Mean consensus HOLD
Number of Analysts 1
Last Close Price 1,40 $
Average target price 5,50 $
Spread / Average Target 293%
EPS Revisions
Managers and Directors
Matthew Doctor Executive VP, Chief Executive & Strategy Officer
Kersten D. Zupfer Chief Accounting Officer, VP & Controller
David J. Grissen Chairman
John Davi Chief Technology Officer & Executive VP
Jim Brian Lain Chief Operating Officer
Sector and Competitors