Supercuts 2012 Annual Report Download - page 23

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Table of Contents
Information relating to Executive Officers of the Company follows:
Daniel Hanrahan was appointed to President and Chief Executive Officer in August 2012. He most recently served as President of
Celebrity Cruises at Royal Caribbean Cruises Ltd. from February 2005 to July 2012, and as its President and Chief Executive Officer since
September 2007.
Eric Bakken has served as Executive Vice President since 2010. He was appointed to Interim Corporate Chief Operating Officer in
January 2012. He performed the function of principal executive officer between July 2012 and August 2012. He served as Senior Vice
President from 2006 to 2009, General Counsel from 2004 to 2006, as Vice President, Law from 1998 to 2004 and as a lawyer to the Company
from 1994 to 1998.
Norma Knudsen has served as Executive Vice President, Merchandising since July 2006. She served as Chief Operating Officer, Trade
Secret from February 1999 through 2009 and as Vice President, Trade Secret Operations from 1995 to 1999.
Brent Moen was appointed to Senior Vice President and Chief Financial Officer in 2011. He served as Vice President and Corporate
Controller from 2006 to 2011, as Vice President of Finance from 2002 to 2006, and as Director of Finance from 2000 to 2002.
Governmental Regulations:
The Company is subject to various federal, state, local and provincial laws affecting its business as well as a variety of regulatory
provisions relating to the conduct of its beauty related business, including health and safety.
In the United States, the Company's franchise operations are subject to the Federal Trade Commission's Trade Regulation Rule on
Franchising (the FTC Rule) and by state laws and administrative regulations that regulate various aspects of franchise operations and sales. The
Company's franchises are offered to franchisees by means of an offering circular/disclosure document containing specified disclosures in
accordance with the FTC Rule and the laws and regulations of certain states. The Company has registered its offering of franchises with the
regulatory authorities of those states in which it offers franchises and in which such registration is required. State laws that regulate the
franchisor-franchisee relationship presently exist in a substantial number of states and, in certain cases, apply substantive standards to this
relationship. Such laws may, for example, require that the franchisor deal with the franchisee in good faith, may prohibit interference with the
right of free association among franchisees, and may limit termination of franchisees without payment of reasonable compensation. The
Company believes that the current trend is for government regulation of franchising to increase over time. However, such laws have not had,
and the Company does not expect such laws to have, a significant effect on the Company's operations.
In Canada, the Company's franchise operations are subject to both the Alberta Franchise Act and the Ontario Franchise Act. The offering
of franchises in Canada occurs by way of a disclosure document, which contains certain disclosures required by the Ontario and Alberta
Franchise Acts. Both the Ontario and Alberta Franchise Acts primarily focus on disclosure requirements, although each requires certain
relationship requirements such as a duty of fair dealing and the right of franchisees to associate and organize with other franchisees.
21
Name Age Position
Daniel
Hanrahan
55
President and Chief Executive Officer
Eric Bakken
45
Executive Vice President, General Counsel and Business Development and
Interim Corporate Chief Operating Officer
Norma
Knudsen
54
Executive Vice President, Merchandising
Brent Moen
45
Senior Vice President and Chief Financial Officer