Ulta Beauty Chief Financial Officer to Depart, Interim Leader Appointed

Ulta Beauty said on Wednesday its finance chief Paula Oyibo has quit the role after a little over a year and named insider Chris Lialios as its interim CFO.

Oyibo joined the beauty products retailer in 2019 and became its finance chief in April 2024, succeeding longtime CFO Scott Settersten.

Lialios joined Ulta Beauty in 1999 and has handled various roles around accounting and finance.

The company, which has begun an external search for a permanent successor, also reaffirmed its annual comparable sales growth target of up to 1.5 percent and earnings per share forecast of between $22.65 and $23.20.

It raised its annual profit target in May, helped by robust demand for its new product launches such as Milk Makeup and K-Beauty skincare brands.

Ulta Beauty’s shares were down about 1 percent in early trading. They have risen about 6 percent this year, but have lost about 11 percent of their value since Oyibo took charge on April 1 last year.

By Juveria Tabassum; Editors: Shailesh Kuber and Arun Koyyur

Learn more:

Ulta Beats Estimates as Beauty Demand Bucks Consumer Pullback

The beauty retailer raised its full-year outlook for sales and profit.