MAV Beauty Brands has named a new president and chief executive officer -- Tim Bunch.
Marc Anthony Venere, founder of MAV Beauty Brands, will continue to serve as a director, but will no longer have day-to-day management responsibilities.
Chris Elshaw, chair of the company's Board of Directors, says, "Marc Anthony is an amazing entrepreneur and for 25 years, and has led the growth of this business from one salon to the leading independent haircare company it is today. 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."
Venere says, "I am deeply committed to the company's long-term success, including by maintaining a significant equity interest. I believe our brands are strong, and the MAV management team can drive results that reflect the business' full potential."
Elshaw adds, "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."
MAV Beauty Bands includes Marc Anthony True Professional, Renpure, Cake, and The Mane Choice.
Photo: MAV Beauty Brands include the hair care brands shown, left to right, Marc Anthony True Professional, Cake, and Renpure.