Ulta Beauty announced Paula Oyibo, Ulta’s senior vice president of finance, will succeed retiring Scott Setterston as CFO, effective April 1, 2024.
Setterston informed the company he will retire as CFO, treasurer and assistant secretary after nearly 20 years of service.
Oyibo joined Ulta Beauty as vice president of finance for merchandise, marketing and e-commerce in 2019, the company noted. Before joining Ulta Beauty, she served in finance and controller roles at Whirlpool Corp.
“Since joining Ulta Beauty in 2019, (Oyibo) has established herself as a trusted partner and visionary leader, particularly as we navigated the pandemic, ultimately helping the company emerge in a position of leadership and strength,” Ulta CEO Dave Kimbell. “Her deep knowledge and understanding of our business, experience leading finance organizations and strong commitment to nurturing talent and an inclusive culture make her the ideal person to serve as Ulta Beauty’s next CFO.”
