Regis Corporation, described as a "stuggling hair salon operator," announced today that Daniel Hanrahan, 54, has been named President and Chief Executive Officer, effective August 6, 2012. Mr. Hanrahan will also become a member of the Regis Board of Directors on that date.

Mr. Hanrahan joins Regis from Royal Caribbean Cruises, where he was most recently President and Chief Executive Officer of Celebrity Cruises. Mr. Hanrahan was responsible for managing all aspects of the Celebrity Cruise brand. Mr. Hanrahan re-invigorated the customer experience and culture at Celebrity Cruises while overseeing the development and implementation of the company's growth strategy.

“Dan is a proven, results-oriented leader who understands the value of the customer experience and will be a great asset to Regis,” said Joel Conner, Chairman of the Board. “With his operational background and extensive experience across a wide spectrum of consumer-facing brands, Dan is the ideal candidate to drive Regis’ comprehensive strategy to improve the salon experience and enhance value for our shareholders.”

“I am pleased to be joining Regis during this exciting time in its history, and plan to continue leveraging our deep expertise to further our strategic goal of enhancing the overall salon experience in order to drive customer retention and same-store sales while continuing to focus on improving profitability,” said Mr. Hanrahan.

“Regis has a market leading position in the hair care industry and the opportunity to provide our customers with an outstanding experience. I look forward to working with the Board, management team, and Regis’ highly talented employees to improve our business for the benefit of our customers, to provide growth opportunities for our employees and to significantly enhance value for our shareholders.”