Ulta Beauty announced that Chris Lialios, the company’s Senior Vice President – Controller, has been named Interim Chief Financial Officer, effective immediately. 

Lialios succeeds Paula Oyibo, who has left the company. Ulta has begun an external search for a permanent successor with the assistance of a leading executive search firm.

Kecia Steelman, President and CEO of Ulta Beauty, said, 

“On behalf of the Ulta Beauty team and our Board of Directors, I want to thank Paula for her contributions and dedication to our company, guests and associates over the past six years, including serving as our CFO.”

Lialios has served as Senior Vice President – Controller since 2018 with responsibility for the company’s financial reporting, internal controls, and accounting policy. 

He joined Ulta Beauty in 1999 as assistant controller, where he led finance transformation efforts across the company. Since then, Lialios has held leadership positions of increasing responsibility within Ulta Beauty’s accounting and finance organization.

Steelman added, 

“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. 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.”

Along with this announcement, Ulta reaffirmed the guidance for fiscal 2025 provided in the company’s press release issued on May 29, 2025. 

Ulta Beauty expects comparable store sales growth will be between 0% and 1.5%, operating margin will be between 11.7% and 11.8%, and diluted EPS will be between $22.65 and $23.20.

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