Kecia Steelman Named New CEO of Ulta Beauty

Ulta Beauty's CEO, Dave Kimbell, is retiring after 11 years with the company, effective immediately, and will be succeeded by Chief Operating Officer Kecia Steelman. Steelman will also join the board of directors, while Kimbell will remain as an advisor until June 28, 2025. This leadership change has positively impacted Ulta's stock, which rose nearly 4% in after-hours trading. The board expressed gratitude for Kimbell's contributions to the company, highlighting his role in shaping Ulta's market leadership and commitment to inclusivity. Kimbell praised Steelman's strategic leadership and operational excellence, expressing confidence in her ability to continue expanding Ulta's influence in the beauty sector. The transition takes effect on January 6, 2025.