Business
Regis Corporation Announces Leadership Transitions
Matthew Doctor Named Interim CEO MINNEAPOLIS--(BUSINESS WIRE)-- Regis Corporation (NYSE:RGS), a leader in the haircare industry, whose primary business is
About this update from Regis Corporation
[{"type":"text","content":"\nMatthew Doctor Named Interim CEO\n\n MINNEAPOLIS--(BUSINESS WIRE)--\nRegis Corporation (NYSE:RGS), a leader in the haircare industry, whose primary business is franchising technology-enabled hair salons, today announced that Felipe Athayde, President and Chief Executive Officer, has resigned from the Company. In connection with his resignation, the Board of Directors appointed Matthew Doctor, the Company’s Executive Vice President and Chief Strategy Officer, as Interim Chief Executive Officer effective December 23, 2021. Mr. Athayde will remain an employee and a member of the Company’s Board of Directors through March 19, 2022. The Board of Directors is commencing a search for a successor President and Chief Executive Officer, which will include consideration of internal and external candidates.\n\nMr. Doctor joined the Company in February 2021, after serving as a consultant to the Company since December 2020. Mr. Doctor brings relevant experience across all aspects of Regis’ business, having been a franchisee of other brands, held numerous roles at a global franchisor, and worked in finance as an investment banker. Prior to joining Regis, Mr. Doctor was Chief Financial Officer of Kava Restaurants LLC, a Tim Horton's franchisee that grew to 83 restaurants. Prior to Kava, he held positions of increasing responsibility both domestically and internationally at Restaurant Brands International, including Head of Global Development and Franchisee Performance for the Burger King brand. Before joining Restaurant Brands International, Mr. Doctor worked as an investment banker in the Financial Institutions Group at J.P. Morgan.\n\nDuring his tenure at Regis, Mr. Doctor accelerated the transition of corporate to franchise salons and was instrumental in driving additional G&A savings, both of which have had a significant impact on the profitability of the Company.\n\nThe Board also appointed Jim Lain, the Company’s President of Franchise Operations, to the position of Chief Operating Officer, and Michael Ferranti, the Company’s Senior Vice President of People & Culture to the position of Executive Vice President and Chief People Officer.\n\n“The Board is grateful for Felipe’s leadership and the franchise expertise he brought to our transformed business model,” said David Grissen, Regis’ Chair of the Board of Directors. “Felipe assembled a...