Plus   Neg

Ulta Beauty Appoints Mary Dillon CEO After She Resigns From U.S. Cellular

Beauty products retailer Ulta Beauty (ULTA) announced Monday the appointment of Mary Dillon as the new chief executive officer and as a director, effective July 1, 2013. Dillion will succeed Chuck Rubin, who stepped down in late February. Meanwhile, the company had named Non-Executive Chairman Dennis Eck as interim CEO.

"Mary brings strategic vision, a rich consumer marketing background, strong operational experience, and a passion for the customer. Her experience with developing national brands, her expertise in the digital world, and her track record in building strong teams will all be important assets for Ulta Beauty," Eck said in a statement.

Bolingbrook, Illinois-based company said Dillion brings in nearly three decades of experience leading consumer-driven businesses.

Dillion, aged 52, will join the company after serving most recently as the president and CEO of U.S. Cellular (USM) since June 2010. She led the company for three years to develop new channels of distribution and revenue initiatives, implement an omni-channel strategy, and strengthen e-commerce platforms.

Previously, Dillion has served as global chief marketing officer and executive vice president for McDonald's Corp. (MCD) from 2005 to 2010, and as an executive at PepsiCo, Inc. (PEP), where she held various positions of increasing responsibility, including being president of the Quaker Foods division. She also serves as a director of Target Corp. (TGT) since 2007.

"I am delighted to be joining a company with such a strong track record and tremendous growth opportunities and am excited to be part of the dynamic beauty industry," said Dillion.

Separately, U.S. Cellular promoted Kenneth Meyers to succeed Dillion, effective June 22. Dillion has resigned as president and CEO, and as a director of U.S. Cellular, effective June 21.

Meyers most recently served as executive vice president and CFO of Telephone and Data Systems, Inc. (TDS), the majority owner of U.S. Cellular. Meyers is also a director of U.S. Cellular and the parent company.

Mayers joined U.S. Cellular in 1987 and held several senior management positions, including being executive vice president and CFO. Meyers became executive vice president and CFO of Telephone and Data Systems in 2007.

ULTA closed Friday's regular trading session at $94.15, up $0.22 on a volume of 1.04 million shares, and USM closed at $33.03, up $0.29 on a volume of 0.12 million shares.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Securities and Exchange Commission is investigating the circumstances around Eastman Kodak Co.'s (KODK) announcement of a $765 million government loan to make ingredients for Covid-19 drugs, the Wall Street Journal reported citing people familiar with the matter. The National Retail Federation or NRF said that conflicting economic data amid a resurgence in coronavirus cases has made it difficult to predict how steadily the U.S. economic recovery will continue. NRF Chief Economist Jack Kleinhenz noted that based on quarterly and monthly data, the U.S. economic recovery is continuing despite the elevated COVID-19 cases. Ford Motor Company (F) announced that Jim Hackett plans to retire as President and CEO. He will continue as a special advisor to the company through March of 2021. The company has named Jim Farley as new president and CEO. He will join the board of directors, effective Oct. 1. Farley joined Ford in...
Follow RTT