MAV Beauty Brands Inc., a global personal care company, announced that as part of a new streamlined organizational reporting structure, Tim Bunch has been appointed as President and Chief Executive Officer of the Company. Marc Anthony Venere will continue to serve as a director.
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“Marc Anthony is an amazing entrepreneur and for 25 years, has led the growth of this business from one salon to the leading independent haircare company it is today,” said Chris Elshaw, Chair of the Company’s Board of Directors.
“Since becoming a public company, we have strengthened our leadership team with key appointments of seasoned executives and, following the recent acquisition of The Mane Choice, we streamlined our organizational reporting structure to best support our brand portfolio and gain efficiencies. While Marc Anthony will no longer have day-to-day management responsibilities, he is committed to supporting the executive team under Tim’s leadership,” continued Chris.
“I am deeply committed to the Company’s long-term success, including by maintaining a significant equity interest. I believe the Company’s fundamentals and brands are strong, and the MAV management team can drive results that reflect the business’ full potential,” said Marc Anthony Venere, the Company’s Founder.
“Since joining MAV Beauty Brands in 2017, Tim has played a key role in the organization and most recently took on an expanded role as President. The Board would like to thank Marc Anthony for his invaluable contributions and congratulate Tim on his appointment as Chief Executive Officer,” Mr. Elshaw added.
(Source: MAV Beauty Brands Inc. )