Sally Beauty CFO Marlo Cormier to leave; Adrianne Lee named CFO effective April 28
Sally Beauty's CFO Marlo Cormier is leaving the company effective April 11, 2026, to pursue other opportunities, and the Board has named Adrianne Lee, formerly President and CFO of Bed Bath & Beyond, as CFO effective April 28, 2026. Chief Accounting Officer Kim McIntosh will serve as principal financial officer in the interim. The company also reaffirmed its second quarter and fiscal year 2026 guidance, which signals no change to its outlook.
Key points
- Marlo Cormier's resignation is effective April 11, 2026; the filing says it was not the result of any disagreement with the company.
- Cormier's separation package includes a gross payment of $881,250 (15 months' salary) and 15 months of COBRA health subsidy.
- Adrianne Lee's base salary is $725,000, with a 75% target bonus and a $1,850,000 supplemental equity grant for fiscal year 2026.
- The company reaffirmed its guidance for the second quarter and fiscal year 2026, previously provided on February 9, 2026.
The filing
Written by AI on Nov 8, 2026, 1:54 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 02, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.