Ulta Beauty CFO Scott Settersten to retire April 1, 2024; Paula Oyibo named successor

Ulta Beauty, Inc.

Scott Settersten retiring after nearly 20 years, including >10 years as CFO; effective April 1, 2024.
Paula Oyibo, SVP Finance, promoted to CFO; oversaw FP&A, Treasury, Non-Merch Procurement.
Under Settersten, revenue quadrupled to >$10B, market cap tripled to $20B, 375% total shareholder return.
Oyibo joined Ulta in 2019 as VP Finance; previously at Whirlpool and PwC.

item 5.02 item 9.01

Executive movements

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Departed

Scott M. Settersten

Chief Financial Officer

ULTA · Ulta Beauty, Inc.

Effective: 2024-04-01
Successor: Paula M. Oyibo
Filed: November 30, 2023, 6:59 PM ET

On November 30, 2023, Ulta Beauty, Inc. (the “Company”) announced that Scott M. Settersten, the Company’s Chief Financial Officer, Treasurer and Assistant Secretary, intends to retire effective April 1, 2024, and Paula M. Oyibo, currently the Company’s Senior Vice President, Finance, will succeed Mr. Settersten as Chief Financial Officer.

Appointed

Paula M. Oyibo

Chief Financial Officer

ULTA · Ulta Beauty, Inc.

Effective: 2024-04-01
Filed: November 30, 2023, 6:59 PM ET

On November 30, 2023, Ulta Beauty, Inc. (the “Company”) announced that Scott M. Settersten, the Company’s Chief Financial Officer, Treasurer and Assistant Secretary, intends to retire effective April 1, 2024, and Paula M. Oyibo, currently the Company’s Senior Vice President, Finance, will succeed Mr. Settersten as Chief Financial Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Scott M. Settersten departed as Chief Financial Officer at Ulta Beauty, Inc..

Action: retire
Role: Chief Financial Officer

Exact text from the filing

On November 30, 2023, Ulta Beauty, Inc. (the “Company”) announced that Scott M. Settersten, the Company’s Chief Financial Officer, Treasurer and Assistant Secretary, intends to retire effective April 1, 2024, and Paula M. Oyibo, currently the Company’s Senior Vice President, Finance, will succeed Mr. Settersten as Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Paula M. Oyibo was appointed as Chief Financial Officer at Ulta Beauty, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On November 30, 2023, Ulta Beauty, Inc. (the “Company”) announced that Scott M. Settersten, the Company’s Chief Financial Officer, Treasurer and Assistant Secretary, intends to retire effective April 1, 2024, and Paula M. Oyibo, currently the Company’s Senior Vice President, Finance, will succeed Mr. Settersten as Chief Financial Officer.

View on SEC.gov

Ulta Beauty, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-019392

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