Ulta Beauty President Dave Kimbell To Succeed Mary Dillon As CEO

Ulta Beauty (ULTA) said that its president Dave Kimbell will succeed Mary Dillon as chief executive officer and will be nominated to stand for election to the company's board of directors at the 2021 annual stockholders meeting.

Dillon will transition to the role of executive chair of the board of directors. She intends to serve as executive chair for a one-year term and, with the board of directors.

Kecia Steelman, currently chief store operations officer, will be elevated to the role of chief operating officer.

As part of this transition, Ulta Beauty's current chair, Robert DiRomualdo, will retire from the board after serving three years in the role of chair and 17 years total on the board.

The company also announced Lorna Nagler, who has served on the board since 2009, will become Lead Independent Director working with Dillon in her executive chair role.

All of the changes announced will take effect following the company's annual shareholders meeting scheduled for June 2, 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Apple Inc. is planning to hold a launch event on September 7 to unveil its latest iPhone 14 line, Bloomberg reported citing people with knowledge of the matter. The tech major is also expected to roll out its latest version of three Apple Watch models including Series 8. The new products, which also include multiple new versions of Macs, and low and high-end iPads, are likely to reach stores... Home improvement retailer Lowe's Cos., Inc. reported Wednesday an increase in earnings per share for the second quarter that also topped analysts' estimates. However, quarterly sales edged down and missed expectations. The company also reaffirmed its guidance range for the full-year 2022. While reporting financial results for the second quarter on Wednesday, off-price retailer TJX Companies, Inc. (TJX) provided financial outlook for the third and the fourth quarters as well as slashed its guidance for the full-year 2023. For the third quarter, the company projects earnings in a range...
Follow RTT