Olaplex Holdings, Inc. (NASDAQ: OLPX) (“OLAPLEX” or “the Company”)
today announced the appointment of two highly seasoned leaders to
its executive team. Catherine Dunleavy will join OLAPLEX as Chief
Operating Officer and Chief Financial Officer, effective August 13,
and Katie Gohman will join the Company as Chief Marketing Officer,
effective July 15.
Ms. Dunleavy brings more than two decades of experience driving
the strategy and performance of premier consumer brands. Most
recently, she served as President, and, prior to that, as Chief
Financial Officer at Away, following tenures at Nike, Comcast,
NBCUniversal, and GE. In her new role, she will oversee the breadth
of OLAPLEX’s business operations, aligning all functions to most
effectively execute on the Company’s strategy and drive
results.
Ms. Gohman is a highly experienced marketing and brand leader
who brings significant experience nurturing and growing prestige
retail and beauty brands. She began her career at L’Oréal and went
on to hold marketing leadership positions at L’Oréal, Ralph Lauren,
Coach, and most recently served as the CMO at Marc Jacobs. She will
oversee the execution of OLAPLEX’s global marketing efforts,
driving greater brand awareness, relevance, and affinity with both
stylists and consumers.
“I am thrilled to welcome these two talented executives to
OLAPLEX as we continue developing a strategy that is designed to
harness OLAPLEX’s many strengths and enables our Company to achieve
its true potential,” said Amanda Baldwin, Chief Executive Officer
of OLAPLEX.
Ms. Baldwin continued, “Catherine is a proven leader with a
strong track record of executing high-impact strategic,
operational, and financial initiatives at scale at some of the
world’s most recognizable brands. Katie’s marketing and creative
acumen will be instrumental in our efforts to maximize the power of
the OLAPLEX brand and empower and enable the success of our stylist
community. I am honored to have the chance to work with each of
them as we deliver on the priorities that are aimed at putting us
on a trajectory to generate consistent sales and profit
growth.”
“I am honored and privileged to join OLAPLEX, a company
well-known for creating innovative and superior products through a
differentiated science-based approach,” said Ms. Dunleavy. “OLAPLEX
is at an important stage of its evolution, and I can’t wait to help
build on the work to date to unlock the Company’s tremendous
potential.”
“OLAPLEX has successfully differentiated itself as a leader in
the prestige hair care category, and I am excited to be joining at
such a significant moment for the business,” said Ms. Gohman. “I
look forward to working with the talented OLAPLEX team to ensure
our customers and network of stylists are best able to benefit from
the extraordinary technical foundation of our products.”
About Catherine DunleavyCatherine Dunleavy is
the former President of the travel lifestyle brand Away. She joined
Away as Chief Financial Officer in 2020 after three years at Nike,
most recently as Vice President and Chief Financial Officer, Global
Operations, Technology and Vice President, Strategic Investments.
Prior to joining Nike, she spent 16 years at Comcast and
NBCUniversal, where she served in numerous roles, including Chief
Financial Officer of the Cable Entertainment Group and Executive
Vice President, Content Distribution. She began her career at
General Electric. She serves on the board of TEGNA (NYSE:
TGNA).
About Katie GohmanKatie Gohman joins OLAPLEX
from Marc Jacobs, a renowned American global fashion brand, where
she served as Chief Marketing Officer. In this role, she reported
directly to the global CEO and oversaw the strategic and creative
vision for the brand. Prior to Marc Jacobs, Katie served as SVP of
Global Marketing and Operations at Ralph Lauren. She previously
served as the VP of Global Marketing at Coach and spent the first
half of her career at L’Oréal, where she held senior marketing
roles for various company brands, including Lancôme, Clarisonic,
and Kiehl’s.
About OLAPLEXOLAPLEX is an innovative,
science-enabled, technology-driven beauty company with a mission to
improve the hair health of its consumers. In 2014, OLAPLEX
disrupted and revolutionized the prestige hair care category by
creating innovative bond-building technology, which works by
protecting, strengthening, and relinking broken bonds in the hair
during and after hair services. The brand’s proprietary,
patent-protected ingredient works on a molecular level to protect
and repair damaged hair. OLAPLEX’s award-winning products are sold
through an expanding omnichannel model serving the professional,
specialty retail, and direct-to-consumer channels.
Cautionary Note Regarding Forward Looking
Statements
This press release includes certain forward-looking statements
and information relating to the Company that are based on the
beliefs of management as well as assumptions made by, and
information currently available to, the Company. These
forward-looking statements include, but are not limited to,
statements about: the Company’s chief financial officer transition
and expected benefits of Ms. Dunleavy’s and Ms. Gohman’s new
leadership roles at the Company; the Company’s strategy and
business model; and other statements contained in this press
release that are not historical or current facts. When used in this
press release, words such as “may,” “will,” “could,” “should,”
“intend,” “potential,” “continue,” “anticipate,” “believe,”
“estimate,” “expect,” “plan,” “target,” “predict,” “project,”
“forecast,” “seek,” and similar expressions as they relate to the
Company are intended to identify forward-looking statements.
The forward-looking statements in this press release reflect the
Company’s current expectations and projections about future events
and financial trends that management believes may affect the
Company’s business, financial condition, and results of operations.
These statements are predictions based upon assumptions that may
not prove to be accurate, and they are not guarantees of future
performance. Neither the Company nor any other person assumes
responsibility for the accuracy and completeness of the
forward-looking statements, including any such statements taken
from third party industry and market reports.
Forward-looking statements involve known and unknown risks,
inherent uncertainties, and other factors that are difficult to
predict which may cause the Company’s actual results, performance,
time frames, or achievements to be materially different from any
future results, performance, time frames, or achievements expressed
or implied by the forward-looking statements, including, without
limitation: the risk that the Company cannot identify and recruit a
permanent chief financial officer in a timely manner; competition
in the beauty industry; the Company’s ability to effectively
maintain and promote a positive brand image, expand its brand
awareness and maintain consumer confidence in the quality, safety,
and efficacy of its products; the Company’s ability to anticipate
and respond to market trends and changes in consumer preferences
and execute on its growth strategies and expansion opportunities,
including with respect to new product introductions; the Company’s
ability to accurately forecast customer and consumer demand for its
products; the Company’s dependence on the success of its long-term
strategic plan; the Company’s ability to limit the illegal
distribution and sale by third parties of counterfeit versions of
its products or the unauthorized diversion by third parties of its
products; the Company’s dependence on a limited number of customers
for a large portion of its net sales; the Company’s ability to
develop, manufacture, and effectively and profitably market and
sell future products; the Company’s ability to attract new
customers and consumers and encourage consumer spending across its
product portfolio; the Company’s ability to successfully implement
new or additional marketing efforts; the Company’s relationships
with and the performance of its suppliers, manufacturers,
distributors, and retailers and the Company’s ability to manage its
supply chain; impacts on the Company’s business from political,
regulatory, economic, trade, and other risks associated with
operating internationally; the Company’s ability to manage its
executive leadership change and to attract and retain senior
management and other qualified personnel; the Company’s reliance on
its and its third-party service providers’ information technology;
the Company’s ability to maintain the security of confidential
information; the Company’s ability to establish and maintain
intellectual property protection for its products, as well as the
Company’s ability to operate its business without infringing,
misappropriating, or otherwise violating the intellectual property
rights of others; the outcome of litigation and regulatory
proceedings; the impact of changes in federal, state, and
international laws, regulations, and administrative policy; the
Company’s existing and any future indebtedness, including the
Company’s ability to comply with affirmative and negative covenants
under its credit agreement; the Company’s ability to service its
existing indebtedness and obtain additional capital to finance
operations and its growth opportunities; volatility of the
Company’s stock price; the Company’s “controlled company” status
and the influence of investment funds affiliated with Advent
International, L.P. over the Company; the impact of an economic
downturn and inflationary pressures on the Company’s business;
fluctuations in the Company’s quarterly results of operations;
changes in the Company’s tax rates and the Company’s exposure to
tax liability; and the other factors identified under the heading
“Risk Factors” in Company’s most recent Annual Report on Form 10-K
filed with the Securities and Exchange Commission (the “SEC”) and
in the other documents that the Company files with the SEC from
time to time.
Many of these factors are macroeconomic in nature and are,
therefore, beyond the Company’s control. Should one or more of
these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, the Company’s actual results,
performance or achievements may vary materially from those
described in this press release as anticipated, believed,
estimated, expected, intended, planned or projected. The
forward-looking statements in this press release represent
management’s views as of the date hereof. Unless required by law,
the Company neither intends nor assumes any obligation to update
these forward-looking statements for any reason after the date
hereof to conform these statements to actual results or to changes
in the Company’s expectations or otherwise.
ContactsFor Investors:Patrick
FlahertyVice President, Investor
Relationspatrick.flaherty@olaplex.com
For Media:Lisa BobroffVice President, Global
Communications & Consumer
Engagementlisa.bobroff@olaplex.com
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