* CFO Randy Pearce replaces Paul Finklestein as president
* Finkelstein to remain Chairman, CEO through 2011
* Brent Moen appointed CFO
Feb 3 (Reuters) - Hair-salon operator Regis Corp undertook a management shakeup on Thursday, appointing current Chief Financial Officer Randy Pearce as President, to replace Chief Executive Paul Finkelstein.
Finklestein, who has spent 23 years with Regis, will remain as Chairman and CEO through 2011 and will transition to the role of Executive Chairman in 2012.
Brent Moen -- currently Vice President of Finance and Corporate Controller -- will take over from Pearce as CFO, the company said in a statement.
Regis, which operates the Vidal Sassoon and Supercuts chains, has been witnessing sluggish sales as shoppers spend less on hair cuts and personal grooming amid an uncertain economic environment.
Shares of the Minneapolis-based company closed at $17.06 on Thursday on the New York Stock Exchange.
(Reporting by Abhishek Takle in Bangalore; Editing by Roshni Menon) Keywords: REGIS/ (abhishek.takle@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters messaging: abhishek.takle.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Finkelstein to remain Chairman, CEO through 2011
* Brent Moen appointed CFO
Feb 3 (Reuters) - Hair-salon operator Regis Corp undertook a management shakeup on Thursday, appointing current Chief Financial Officer Randy Pearce as President, to replace Chief Executive Paul Finkelstein.
Finklestein, who has spent 23 years with Regis, will remain as Chairman and CEO through 2011 and will transition to the role of Executive Chairman in 2012.
Brent Moen -- currently Vice President of Finance and Corporate Controller -- will take over from Pearce as CFO, the company said in a statement.
Regis, which operates the Vidal Sassoon and Supercuts chains, has been witnessing sluggish sales as shoppers spend less on hair cuts and personal grooming amid an uncertain economic environment.
Shares of the Minneapolis-based company closed at $17.06 on Thursday on the New York Stock Exchange.
(Reporting by Abhishek Takle in Bangalore; Editing by Roshni Menon) Keywords: REGIS/ (abhishek.takle@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters messaging: abhishek.takle.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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