CPI rounds out slate of director nominees with addition of Regis CEO

By Lisa Kerner

Charlotte, N.C., June 8 - CPI Corp.'s board of directors nominated Paul D. Finkelstein to stand for election at the company's annual meeting on July 8.

Finkelstein is the chairman, president and chief executive officer of Regis Corp., a hair salon franchiser.

According to CPI, the board's nominating and governance committee, with the assistance of an executive search firm, identified Finkelstein as a qualified candidate.

Finkelstein led the development of SmartStyle and Cost Cutters salons in more than 2,400 Wal-Mart Stores, Inc. locations, a CPI news release said.

"Paul will add highly relevant and valuable operating and public company board experience to CPI," CPI chairman David Meyer said in a company news release.

"Under Paul's leadership, Regis has become the beauty industry's global leader in salons, hair restoration centers and cosmetology education with over 12,800 locations worldwide today," Meyer said.

In addition to Finkelstein and Meyer, CPI's slate of nominees for election to the board includes James J. Abel, Michael Glazer, Michael Koeneke and Turner White.

CPI shareholder Ramius LLC announced previously that its affiliate, RCG Starboard Advisors, LLC, is nominating Ramius managing director Peter A. Feld and Joseph C. Izganics, former southern division president of Home Depot, Inc., for election to the St. Louis-based portrait studio operator's board.

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