Olaplex appoints two retail veterans to board of directors

NEW YORK - Olaplex Holdings, Inc. (NASDAQ:OLPX), a beauty company with impressive gross profit margins of nearly 71% and a market capitalization of approximately $1 billion, has appointed Jerome Griffith to its Board of Directors effective July 20, 2025, joining Pamela Edwards who was appointed on March 20, 2025, according to a company press release. According to InvestingPro analysis, the company appears undervalued at current levels.

Edwards brings significant financial leadership experience, having previously served as Chief Financial Officer at Citi Trends, Inc., Victoria’s Secret, and EXPRESS. She currently serves on the boards of Citi Trends, Inc. and Fossil Group, Inc. Her appointment comes as Olaplex demonstrates strong financial health with a current ratio of 10.74, indicating robust liquidity management.

Griffith joins with decades of executive leadership experience, most recently serving as CEO and President of Brown Jordan Inc. from June 2023 until March 2025. He previously led Lands’ End as CEO from 2017 to 2023 and Tumi Holdings from 2009 to 2016.

"We’re thrilled to welcome Pamela and Jerome and I look forward to partnering with them both as we embark on a new chapter for OLAPLEX as a foundational health and beauty company," said Amanda Baldwin, Chief Executive Officer of OLAPLEX.

These board appointments follow the company’s recent brand refresh and the launch of new products including the No.0.5 Scalp Longevity Treatment and PRO SCALP Rebalancing Concentrate salon service.

Founded in 2014, Olaplex is known for its hair care products featuring its Complete Bond Technology. The company sells its products globally through professional, specialty retail, and direct-to-consumer channels, generating annual revenue of $421 million. InvestingPro subscribers can access 12 additional key insights about Olaplex’s financial performance and growth prospects, along with a comprehensive Pro Research Report that provides deep-dive analysis of the company’s fundamentals.

Edwards earned an M.B.A. from Duke University and a B.S. in Finance from Florida A&M University, while Griffith holds a B.S. in Marketing from Pennsylvania State University.

In other recent news, Olaplex Holdings announced its financial results for the first quarter of fiscal year 2025. The company reported a decline in earnings per share (EPS), posting $0.0044 compared to the anticipated $0.0175. However, Olaplex’s revenue exceeded expectations, coming in at $96.98 million against a forecast of $93.82 million. This revenue performance indicates positive momentum in the company’s financial strategies. The market showed a favorable reaction, although the stock price movement is not the focus here. These developments highlight the mixed results in Olaplex’s earnings and revenue figures. Investors and analysts are closely monitoring the company’s strategic initiatives and their impact on future performance.

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