Business
Regis Corporation Announces Leadership Transition
Matthew Doctor Steps Down as CEO Following Transformative Tenure Long-Time EVP Jim Lain Named Interim CEO Same-Store Sales for Supercuts and Regis
About this update from Regis Corporation
[{"type":"text","content":"\nMatthew Doctor Steps Down as CEO Following Transformative Tenure\n\n\nLong-Time EVP Jim Lain Named Interim CEO\n\n\nSame-Store Sales for Supercuts and Regis Consolidated Up 3.0% and 1.3%, respectively, for First Two Months of Fourth Quarter\n\n\n MINNEAPOLIS--(BUSINESS WIRE)--\nRegis Corporation (NasdaqGM: RGS), a leader in the haircare industry, today announced that Matthew Doctor has made the decision to step down from his roles as President, Chief Executive Officer and Director of the company effective June 30, 2025. The Board of Directors has appointed Jim Lain, current EVP Brand Operations – Supercuts and Cost Cutters, to serve as interim President and CEO while the company conducts a comprehensive search for a permanent successor.\n\n\n“On behalf of the Board and everyone at Regis, I want to express our deepest gratitude to Matt for his leadership and steadfast dedication to the success of Regis,” said Mike Merriman, Chairman of the Board. “Matt initially joined the company in a strategic role and quickly proved to be a transformative leader. He has been instrumental in shaping the company's direction, stabilizing operations, restoring profitability and strengthening our financial position. Thanks to Matt’s leadership, the company is on solid financial footing and well-positioned for long-term growth. We are appreciative of his work and wish him continued success in his future endeavors. The Board looks forward to working with Jim and the executive team during this transition as we identify the next leader for this stage of the company’s transformation.”\n\n\n“It has been an honor and a privilege to lead Regis and work alongside such an exceptional and dedicated team,” said Matthew Doctor. “After thoughtful consideration, I made the decision that now is the right time for me to explore other opportunities upon delivering another year of results and progress. Over the past four and half years that I have been at Regis, we have navigated meaningful change and established a strong foundation for reigniting growth. I am incredibly proud of everything we have accomplished, from improving operational efficiencies and completing a complex refinancing, to acquiring the portfolio of Alline salons. Our recent performance reflects both the strength of our strategy and the commitment of our teams. With the business on solid footing ...