Regis Names Unilever's Spiegel as New Finance Chief

   By Ben Fox Rubin 
 

Regis Corp. (RGS) named Steven M. Spiegel as its new chief financial officer, replacing Brent Moen, who was named to the position last year.

Regis, the parent of haircut chains such as Supercuts, has struggled in recent quarters as many budget-conscious customers have lengthened time between visits.

Spiegel, whose appointment is effective Dec. 3, most recently served as vice president of finance and corporate controller at Unilever N.V. (UN, UNA.AE) and, previously, as a vice president of commercial finance at Alberto Culver, a hair-care business purchased by Unilever.

"I have the highest confidence that his extensive financial knowledge and experience will deliver significant contributions toward our objectives of improving the salon experience for our guests, simplifying our operating model, effectively leveraging our scale and enhancing value for our shareholders," Regis Chief Executive Dan Hanrahan said.

Moen previously served as corporate controller from 2006 to 2011, vice president of finance from 2002 to 2006 and director of finance from 2000 to 2002. Moen will remain with Regis through Jan. 4 to aid in the transition, Regis said.

Last month, the company said its fiscal first-quarter earnings surged on gains related to the sale of its stake in Provalliance, masking weaker sales.

Shares closed Wednesday at $16.72 and were inactive premarket. The stock is up 1% so far this year.

Write to Ben Fox Rubin at [e-mail]

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