THE WHAT? Ulta Magnificence has introduced that Scott Settersten is about to retire as Chief Monetary Officer, efficient April 1, 2024 and Paula Oyibo, SVP Finance, will succeed him, reporting to Dave Kimbell, CEO.

THE DETAILS Oyibo joined Ulta Magnificence as Vice President of Finance for Merchandise, Advertising, and eCommerce in 2019. In her present position, she oversees the Monetary Planning & Evaluation, Treasury and Non-Merchandise Procurement features. Previous to becoming a member of Ulta Magnificence, Oyibo served in finance and controller roles at Whirlpool Company and in senior degree auditing and consulting positions with PwC.

THE WHY? Kimbell feedback, “Since becoming a member of Ulta Magnificence in 2019, Paula has established herself as a trusted accomplice and visionary chief, significantly as we navigated the pandemic, finally serving to the Firm emerge able of management and energy. Her deep data and understanding of our enterprise, expertise main finance organizations, and powerful dedication to nurturing expertise and an inclusive tradition make her the best particular person to function Ulta Magnificence’s subsequent CFO.”