(Reuters) -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 […]
Business
Ulta Beauty CFO Paula Oyibo quits, picks insider for interim role
Audio By Carbonatix
(Reuters) -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% 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% in early trading. They have risen about 6% this year, but have lost about 11% of their value since Oyibo took charge on April 1 last year.
(Reporting by Juveria Tabassum in Bengaluru; Editing by Shailesh Kuber and Arun Koyyur)