Regis Corp. has named Randy Pearce chief executive officer, effective Feb. 2012. Pearce, who currently serves as president of Regis, will succeed ceo Paul Finkelstein.
“Randy has done an outstanding job as president and we are thrilled to announce his upcoming appointment as chief executive officer,” Finkelstein said. “We believe this is a great next step in what has been a thoughtful and planned ceo succession process begun more than three years ago. Randy has extensive knowledge of Regis and the industry and is the driving force behind the key operational and cost savings changes that are under way at the company. He is a proven leader and is already attacking his mandate with an urgent and clear focus on enhancing shareholder value. We are confident that Randy is the right person to lead Regis forward.”
Regis is the largest operator of beauty salons, hair restoration centers and cosmetology education centers under the banners Supercuts, Sassoon Salon, Regis Salons, MasterCuts, SmartStyle, Cost Cutters, Cool Cuts 4 Kids and Hair Club for Men and Women. Regis also maintains an ownership interest in Provalliance, which operates salons primarily in Europe under the brands of Jean Louis David, Franck Provost and Saint Algue. It also has ownership interests in Empire Education Group in the U.S. and the My Style concepts in Japan.
Pearce joined Regis in 1985 after serving four years with the international public accounting firm of Coopers & Lybrand, and has moved through a variety of finance positions at Regis.
