Alberto-Culver Co. Inc.’s chief financial officer, William Cernugel, plans to retire once the consumer products company appoints a successor, the company said.

Additionally, the company named three new directors to its board following the company’s spinoff from Sally Beauty Holdings Inc. Katherine Napier, Thomas Dattilo and George Fotiades, as well as president and chief executive V. James Marino were all named to the board. The new board members replace directors A.G. Atwater, William Wirtz and Howard Bernick, all of whom stepped down after the company was spun off of Sally Beauty Holdings.