By Michael Calia
Sally Beauty Holdings Inc. said Thursday that Christian Brickman
took over as the company's chief executive at the beginning of this
month, succeeding Gary Winterhalter.
Mr. Winterhalter, who has been the company's CEO since it
separated from the Alberto-Culver Co. in 2006, will continue to act
as the board's executive chairman. The moves are part of the
beauty-product supplier's previously announced succession plan.
Mr. Brickman, a former Kimberly-Clark executive, became Sally
Beauty's operating chief and president in June with the aim that he
would replace Mr. Winterhalter in the role within the year.
The company also reported quarterly results Thursday.
Sally Beauty said it posted $54.9 million in profit, down from
$58 million a year earlier. Per-share earnings were flat at 35
cents, reflecting fewer shares outstanding in the most recent
quarter.
Net sales rose 2.6% to $964.5 million.
The company said foreign-currency pressures weighed on sales in
the most recent period, while expenses grew more than it had
expected due to strategic investments and incremental health-care
expenses.
Write to Michael Calia at michael.calia@wsj.com
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