Sally Beauty Holdings Announces Board Retirements and New Chairman

Sally Beauty Holdings

(the “Company”) today announced the retirement of three members of the board of directors of Sally Beauty Holdings, Inc., James G. Berges, Kenneth A. Giuriceo and Richard J. Schnall. Messrs. Berges, Giuriceo and Schnall are affiliated with Clayton, Dubilier & Rice, LLC, (CD&R), the Company's former private equity partner, and have retired as members of the Board in connection with the successful exit of CD&R's investment in Sally Beauty Holdings. “The SBH board sincerely thanks CD&R for their contributions during their tenure with the Company,” stated Gary Winterhalter, Chairman, President and CEO. “They played a key role in our launch as a separate public company and over the last five years have been helpful business advisors to the board and management. We wish them well in their future endeavors.”