Ulta Appoints New CFO

Posted on March 14, 2013 @ 08:18 am

Ulta has appointed Scott Settersten as its new chief financial officer and Assistant Secretary, effective immediately. Mr. Settersten will report to Dennis Eck, Interim CEO.

Settersten has been acting CFO and assistant secretary since 2012. He previously served as vice president of accounting since 2010 and was responsible for accounting, tax and external reporting. In that role, he also oversaw investor relations and worked closely with the Audit Committee and Board of Directors. He joined Ulta Beauty in January 2005 as director of financial reporting.

“The Board and I are delighted to appoint Scott to this position which is so crucial to Ulta Beauty’s future success,” said Dennis Eck, Interim CEO. “During his eight years with Ulta Beauty, Scott has demonstrated excellent leadership and management capabilities. Scott is highly respected by the Board and the Ulta Beauty leadership team, and has done a terrific job stepping up to lead the finance organization since taking on the CFO role last fall. Scott will be a valuable partner to me and to the next CEO of Ulta Beauty.”