Three members of the board of directors of Sally Beauty Holdings, Inc. —James G. Berges, Kenneth A. Giuriceo and Richard J. Schnall—have retired Sally Beauty Holdings, Inc. The Board elected Gary G. Winterhalter to replace Berges as the Chairman of the Board, while Winterhalter will continue to serve as the Company’s President and CEO. The Corporation also appointed Robert McMaster to the newly created position of Lead Independent Director of the Board. McMaster, who joined the Board in 2006, will continue to serve as Chairman of the Board’s Audit Committee.

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,” said 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.”

According to the company, the Nominating and Corporate Governance Committee of the Board is actively considering candidates to fill the one vacancy on the Company’s Board of Directors resulting from the retirement of Berges, Giuriceo and Schnall and the subsequent reduction of the size of the Board to nine members.