Ulta Beauty Chief Financial Officer Paula Oyibo left the company. Chris Lialios, Ulta’s senior vice president, controller, has been named interim CFO. Ulta began an external search for a permanent successor.

Lialios has served as SVP-controller since 2018. His responsibilities included the company’s financial reporting, internal controls and accounting policy. He joined Ulta Beauty in 1999 as assistant controller.

“Chris has been a respected leader on Ulta Beauty’s finance team for more than 25 years, and we are thankful to him for stepping into this important interim role as we conduct a search for our next CFO,” said Kecia Steelman, president and chief executive officer. “We’re confident that his deep familiarity with our business coupled with his financial expertise and leadership style will ensure a smooth transition as we continue to execute our Ulta Beauty Unleashed plan.”

Ulta Beauty’s Unleashed plan:

• Focuses on core business growth by improving store operations, including navigation, stocking, staffing and cleanliness, while emphasizing brand building with exclusive and emerging brands like Milk Makeup, Anua, and Beyoncé’s Cecred.
• Deepens guest engagement through enhanced personalization, automation, and real-time content across digital channels.
• Accelerates digital efforts with new app and website features to elevate the guest experience.
• Expands into wellness by launching a new e-commerce marketplace offering a broader range of beauty and wellness products.
• Builds on international growth and expand Ulta Beauty’s presence globally.
• Enhances the Ulta Beauty Media platform with new product innovations and improved closed-loop measurement tools for brands.
• Realigns the organizational foundation by optimizing workflows, streamlining costs and investing in team and culture re-energization to support long-term growth.