Sally Beauty Holdings has announced the appointment of Donald T. Grimes as its new Chief Financial Officer (CFO) and Chief Operations Officer (COO). Grimes joins the company after a short 17-month term at Neiman Marcus, where he held the same positions.
Sally Beauty announced Grimes’ appointment along with its Q4 financial results, which showed “solid results with full-year adjusted EPS growth of 12%,” according to President and CEO Chris Brickman.
During his time at Neiman Marcus, Grimes was responsible for financial planning and analysis, investor relations, accounting, loss prevention, credit and collections, internal audit and risk management. The reason for Grimes’ resignation from Neiman Marcus was undisclosed.
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“After a thorough and deliberate search, we are thrilled to have Donald join our team as CFO and COO,” Brickman said in a statement. “Donald is an accomplished executive with significant financial and operational expertise in the retail industry. His broad experience will be an asset to us as we build upon our strategy and prioritize our opportunities for long-term growth.”
