Paul Finkelstein has resigned from his roles as director and executive chairman of the Regis board. Another Regis director, Joel Conner, has been named independent chairman of the board.
As of March 31, The Regis Corp. owned, franchised or held ownership interests in approximately 12,700 worldwide salon locations.
“I am pleased with the progress the company has recently made, including the agreement to sell Regis’ minority ownership interest in Provalliance, and the development of a comprehensive plan to reenergize our salons,” said Conner. “This board remains committed to overseeing the positive change that is already under way at Regis and remains focused on enhancing shareholder value.”