Regis Corporation Appoints Andrew H. Lacko as CFO

Business Wire |

MINNEAPOLIS--(BUSINESS WIRE)-- Regis Corporation (NYSE: RGS) announced today that the Board has appointed Andrew H. Lacko as Executive Vice President and Chief Financial Officer, effective . Mr. Lacko will replace Michael Pomeroy, who has served as Interim Chief Financial Officer since .

Hugh Sawyer, President and Chief Executive Officer, stated, “Andrew Lacko is well known to me and a highly competent executive. I am delighted that he is joining our Regis leadership team. Andrew has a set of skills and experiences that are remarkably well-suited for the opportunities we have to enhance shareholder value. I look forward to serving with him in the years ahead.”

Mr. Lacko, 47, has over 20 years of broad-based, strategic finance experience. He currently serves as Senior Vice President, Global Financial Planning, Analysis and Corporate Development, of Hertz Global Holdings, Inc. Prior to joining Hertz in 2014, he held finance leadership positions of increasing responsibility at Best Buy, Northwest Airlines, and UnitedHealth Group. In his various roles, he oversaw business analytics, planning, strategy, corporate development and investor relations.

Upon commencement of Mr. Lacko’s employment, he will receive an initial equity award of restricted stock units valued at $350,000, issued in reliance on the employment inducement exception to the New York Stock Exchange rules regarding shareholder approval of equity compensation plans, Rule 303A.08. The restricted stock units will vest as to one-third of the shares on each of the first three anniversaries of the grant date.

About Regis Corporation



Regis Corporation (NYSE:RGS) is the leader in beauty salons and cosmetology education. As of , the Company owned, franchised or held ownership interests in 9,217 worldwide locations. Regis’ corporate and franchised locations operate under concepts such as Supercuts, SmartStyle, MasterCuts, Regis Salons, Sassoon Salon, Cost Cutters, Roosters and First Choice Haircutters. Regis maintains an ownership interest in Empire Education Group. For additional information about the Company, including a reconciliation of certain non-GAAP financial information and certain supplemental financial information, please visit the Investor Information section of the corporate website at www.regiscorp.com. To join Regis Corporation’s email alert list, click on this link: http://www.b2i.us/irpass.asp?BzID=913&to=ea&Nav=1&S=0&L=1

REGIS CORPORATION:
Paul Dunn, 952-947-7915
VP, Finance and Investor Relations

Source: Regis Corporation

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Lomiko Metals Inc.

Lomiko Metals Inc is an exploration stage company. It is engaged in the acquisition, exploration and development of resource properties. Its projects include Vines Lake project and Quatre - Milles…

Private Markets

iPRO Network, LLC

We provide the platform, tools, and resources to empower individuals and professionals to market desirable goods and services to the public, taking the place of traditional methods of commerce.

Voleo

Voleo is a free download that allows you to form investment clubs with your friends, family, colleagues, classmates, teammates…basically anyone you know and trust. Invest and manage a stock portfolio…