OLAPLEX Announces Leadership Transition; Amanda Baldwin, Seasoned Beauty Executive, To Serve As Chief Executive Officer, Effective By Early 2024; John P. "JP" Bilbrey, Executive Chair, To Serve As Interim Chief Executive Officer
Portfolio Pulse from Benzinga Newsdesk
Olaplex Holdings, Inc. (NASDAQ:OLPX) announced a leadership transition with Amanda Baldwin set to become the new CEO by early 2024, succeeding JuE Wong. John P. 'JP' Bilbrey, the company's Executive Chair, will serve as interim CEO during the transition. The company reiterated its guidance for fiscal year 2023.

October 12, 2023 | 12:19 pm
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Olaplex announced a leadership transition with Amanda Baldwin set to become the new CEO by early 2024. The company reiterated its guidance for fiscal year 2023.
Leadership transitions can cause uncertainty, but the company's reiteration of its fiscal year 2023 guidance suggests stability. The impact on the stock price is neutral in the short term as the market digests the news.
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