Olaplex Holdings , Inc. (NASDAQ:OLPX), a company specializing in beauty and personal care products, announced on Monday the resignation of its Senior Vice President of Accounting, Kristi Belhumeur. The resignation will be effective from October 11, 2024, as Ms. Belhumeur departs to pursue a new opportunity.
The company, headquartered in Santa Barbara, California, has clarified that the resignation is not due to any internal disagreements regarding financial statements, operations, or practices. Olaplex emphasized that there were no disputes over accounting principles or financial reporting that led to this departure. Ms. Belhumeur will continue her duties until the effective date of her resignation to assist with the transition of her responsibilities.
Olaplex has already initiated a formal search to find a successor for the soon-to-be-vacant position. The departure comes at a time when the company is actively involved in the competitive beauty and personal care industry, known for its range of hair care products.
This move is part of the natural ebb and flow of corporate personnel changes, and Olaplex is taking the necessary steps to ensure a smooth transition. The information regarding this change in the company's executive team is based on a press release statement.
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