Latest news with #ChrisLialios
Yahoo
4 hours ago
- Business
- Yahoo
Ulta Beauty CFO Paula Oyibo exits
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Ulta Beauty CFO Paula Oyibo, who only took on the role about a year ago, has left the company, the beauty retailer said Wednesday. Chris Lialios, senior vice president and controller, will take over Oyibo's role on an interim basis as the company searches for a permanent successor. Lialios has served as controller since 2018 and has been with Ulta Beauty for more than 25 years. Ulta did not immediately respond to a request for comment on the reason for Oyibo's departure. Oyibo spent nearly six years at Ulta in various finance roles, ending with her time as CFO. Months after former Chief Operating Officer Kecia Steelman took over as Ulta's CEO in a surprise C-suite switch, the beauty retailer's chief financial officer has left. Prior to Oyibo stepping into the CFO spot last year, Scott Settersten had held the position for more than a decade. In a statement on Oyibo's departure, Steelman thanked the executive for 'her contributions and dedication to our company' and expressed thanks for Lialios taking on the role in the interim. Oyibo, for her part, said it was an honor to hold the position and that Ulta is well-positioned to execute on its strategy. At the same time, the retailer reaffirmed its fiscal 2025 guidance, which calls for comps to be flat to up 1.5%. Ulta in its most recent quarter saw some positive momentum, with net sales growing 4.5% and comps up 2.9%, though the retailer warned that its shoppers are not immune to economic pressures. That came after a year of disappointing performance led the retailer to institute a turnaround plan focused on retail fundamentals like clean and well-staffed stores. Oyibo is not the only executive to depart since Ulta switched chief executives in January. Chief marketer Michelle Crossan-Matos left the company earlier this year and was replaced by Ulta veteran Kelly Mahoney. Also in the past six months, Chief Store Operations Officer Amiee Bayer-Thomas was named chief retail officer and Ulta brought on Revolution Beauty's CEO as its new chief merchandising officer. In addition, Ulta in April confirmed it was pausing on its Target shop-in-shop expansion efforts in order to invest in the existing 600 or so locations. However, the retailer is expanding in other ways, including through an entrance into Mexico planned for this year.
Fashion United
17 hours ago
- Business
- Fashion United
Ulta Beauty announces interim CFO appointment, reaffirms 2025 guidance
Ulta Beauty, Inc. announced a change in its executive leadership, naming Chris Lialios, the company's senior vice president – controller, as interim chief financial officer, effective immediately. Lialios steps into this role following the departure of Paula Oyibo. The beauty retailer has initiated an external search for a permanent successor, enlisting the assistance of a leading executive search firm. Lialios brings extensive experience to his new interim position, having served as senior vice president – controller since 2018. In this capacity, he has been responsible for Ulta Beauty's financial reporting, internal controls, and accounting policy. His tenure with the company dates back to 1999, when he joined as assistant controller, where he was instrumental in leading finance transformation efforts. Since then, he has consistently held leadership roles of increasing responsibility within Ulta Beauty's accounting and finance organization. Kecia Steelman, president and chief executive officer of Ulta Beauty, expressed confidence in the interim appointment, stating, 'Chris has been a respected leader on Ulta Beauty's finance team for more than 25 years, and we are thankful to him for stepping into this important interim role as we conduct a search for our next CFO.' 'We're confident that his deep familiarity with our business coupled with his financial expertise and leadership style will ensure a smooth transition as we continue to execute our Ulta Beauty Unleashed plan,' Steelman added. In conjunction with this leadership announcement, Ulta Beauty reaffirmed its financial guidance for fiscal 2025, which was previously provided on May 29, 2025. The company continues to anticipate comparable store sales growth to be between 0 and 1.5 percent, an operating margin of between 11.7 percent and 11.8 percent, and diluted earnings per share (EPS) in the range of 22.65 dollars to 23.20 dollars.
Reuters
a day ago
- Business
- Reuters
Ulta Beauty names insider Chris Lialios as interim CFO
June 25 (Reuters) - Ulta Beauty (ULTA.O), opens new tab on Wednesday named Chris Lialios as its interim chief financial officer, replacing Paula Oyibo who has left the company.
