leadership
confidence high
sentiment neutral
materiality 0.65
European Wax Center appoints Chris Morris as CEO and Chairman, effective Jan 8, 2025
European Wax Center, Inc.
- Chris Morris, former Dave & Buster's CEO, succeeds David Berg; Berg stays on board.
- Morris receives $800K base salary, target bonus 100% of base, FY2025 minimum $250K bonus.
- Equity grants: 600K RSUs (4-year vest), options for 800K shares at grant-date price, plus two tranches of 425K options at $9 and $12 strike.
- Company reaffirms fiscal 2024 outlook provided Nov 14, 2024.
- Morris brings 25+ years experience in consumer brands, franchise operations, and unit development.