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Settersten Assumes CFO Role at Ulta

Posted: March 13, 2013

Ulta Beauty, which recently saw CEO Chuck Rubin depart for retailer Michaels, announced the appointment of Scott Settersten as CFO and assistant secretary, effective immediately.

Settersten has been acting CFO and assistant secretary since October 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.

Prior to joining Ulta, Settersten spent 15 years with PricewaterhouseCoopers LLP as a certified public accountant serving in various senior manager roles in the assurance and risk management practices.

“The Board and I are delighted to appoint Scott to this position, which is so crucial to Ulta Beauty’s future success,” Dennis Eck, Ulta’s interim CEO, said. “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.”

“I am honored to serve as chief financial officer of Ulta Beauty,” said Settersten. “I look forward to continuing to work closely with the board and the leadership team to successfully execute our long term growth strategy.”