---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-019392"
form_type: "8-K"
ticker: "ULTA"
cik: "0001403568"
company_name: "Ulta Beauty, Inc."
filed_at: "2023-11-30T23:59:59+00:00"
generated_at: "2026-06-07T19:49:54.159200+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-019392
- form_type: 8-K
- ticker: ULTA
- cik: 0001403568
- company_name: Ulta Beauty, Inc.
- filed_at: 2023-11-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1403568/000155837023019392/0001558370-23-019392-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403568/000155837023019392/ulta-20231130x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-019392
- JSON: https://secwatch.observer/filing/0001558370-23-019392.json
- Plain text: https://secwatch.observer/filing/0001558370-23-019392.txt

## Key facts
- Executive change
  Scott M. Settersten departed as Chief Financial Officer at Ulta Beauty, Inc..
  - Action: retire
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1403568/000155837023019392/0001558370-23-019392-index.htm
- Executive change
  Paula M. Oyibo was appointed as Chief Financial Officer at Ulta Beauty, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1403568/000155837023019392/0001558370-23-019392-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.