by Jeroslyn JoVonn
June 27, 2025
Paula Oyibo has left her CFO position at Ulta Magnificence after one 12 months.
Ulta Magnificence’s Chief Monetary Officer Paula Oyibo is exiting her put up just a little over a 12 months after taking over the position.
The sweetness big introduced on June 25 that Chris Lialios, senior vice chairman and controller since 2018, will step in as interim CFO, the Wall Road Journal stories. The corporate has not disclosed the explanation behind Oyibo’s departure, which comes simply months after she was promoted to chief monetary officer in April 2024, following her 2019 arrival.
“It has been my honor to function CFO for Ulta Magnificence,” stated Oyibo. “I’m extraordinarily happy with our group’s accomplishments and consider Ulta Magnificence is well-positioned to execute the Ulta Magnificence Unleashed plan.”
On the time of her promotion to the C-Suite, Oyibo succeeded longtime CFO Scott Settersten. The corporate has launched an exterior seek for a everlasting CFO, working with a high govt search agency to establish potential candidates.
Lialios, Oyibo’s interim alternative, has served as Ulta Magnificence’s Senior Vice President – Controller since 2018, overseeing monetary reporting, inside controls, and accounting coverage. He first joined the corporate in 1999 as an assistant controller and has since performed a key position in main finance transformation efforts and rising via the ranks. A Licensed Public Accountant, Lialios holds a B.S. in Accounting from the College of Illinois, Chicago, and an M.B.A. from Webster College.
“Chris has been a revered chief on Ulta Magnificence’s finance group for greater than 25 years, and we’re grateful to him for entering into this vital interim position as we conduct a seek for our subsequent CFO,” stated Kecia Steelman, president and chief govt officer. “We’re assured that his deep familiarity with our enterprise, coupled along with his monetary experience and management fashion, will guarantee a easy transition as we proceed to execute our Ulta Magnificence Unleashed plan.”
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