Announcement: Ulta Beauty has declared that Dave Kimbell will retire from his role as CEO and vacate his position on the Board of Directors. Kecia Steelman, who is currently serving as President and COO, is set to take over as President and CEO on January 6, 2025.
Kimbell’s Tenure: Having joined Ulta Beauty in 2014 and stepping into the CEO role in 2021, Dave Kimbell will transition to an advisory position at the company until June 28, 2025. His leadership saw Ulta Beauty reaching over $11 billion in annual revenue and broadening its market reach.
Steelman’s Role: Kecia Steelman, who started with Ulta Beauty in 2014 and was elevated to President and COO in 2023, will soon add CEO to her responsibilities and join the Board. Her tenure has been pivotal in directing the company’s strategic initiatives and managing its operations effectively.
Reason for the Transition: Ulta Beauty’s decision reflects its planned leadership transition, with Steelman positioned to lead the company into its future growth phase. This change supports their continued focus on strengthening leadership and amplifying their strategic emphasis on operational efficiency and expansion in the market.