In a significant leadership change, Ulta Beauty has appointed Kecia Steelman as its new president and CEO. This move follows the retirement of Dave Kimbell, who has been with the company for 11 years.
A Legacy of Growth and Success
Dave Kimbell’s tenure as CEO was marked by remarkable growth and success. Under his leadership, Ulta Beauty reached an annual revenue of over $11 billion and achieved double-digit growth in diluted earnings per share. His vision and strategic direction have positioned the company for continued success.
A New Era of Leadership
Kecia Steelman, who has been named as Kimbell’s successor, brings a wealth of experience and expertise to her new role. As president and COO since 2023, she has played a crucial part in driving operational excellence and creating exceptional guest experiences. Her tenure at Ulta Beauty spans over ten years, with a background that includes retail operations and services, real estate, corporate strategy, and business transformation.
Steelman’s Vision for the Future
In her acceptance of the CEO role, Steelman expressed her gratitude to Kimbell, stating: "Dave has been a supportive leader, mentor, and friend, and I am honoured to become the next CEO of Ulta Beauty." She emphasized that the company is more than just a beauty retailer – it’s a destination that helps bring out the best in every guest and associate.
A Commitment to Excellence
Steelman outlined her commitment to excellence, stating: "Ulta Beauty is more than a beauty retailer – we are a destination that helps bring to life all the beautiful possibilities that lie within every guest and associate who walks through our doors." She expressed confidence in the company’s strategic priorities, which she believes will enable them to capture greater market share in beauty and wellness while delivering long-term profitable growth.
A Strategic Vision for Growth
In October 2024, Ulta Beauty unveiled its plan to open 200 new stores by 2027. This ambitious goal is part of the company’s long-term financial strategy and reflects a commitment to expansion and growth. Steelman emphasized her excitement about leading the company’s outstanding teams as they unlock greater advantages in their operating model, drive best-in-class execution, and position Ulta Beauty for its next chapter of growth.
A New Chapter for Ulta Beauty
The appointment of Kecia Steelman as CEO marks a new era for Ulta Beauty. With her expertise and leadership, the company is poised to continue its success while expanding its presence in the beauty and wellness market. As the company embarks on this new chapter, it remains committed to delivering exceptional guest experiences and driving long-term profitable growth.
About Ulta Beauty
Ulta Beauty is a US-based specialty beauty retailer that offers a wide range of products from leading brands. With over 1,200 stores across the United States, the company provides guests with an unparalleled shopping experience. From skincare to haircare, makeup to fragrances, and beyond, Ulta Beauty has established itself as a leader in the beauty industry.
About Kecia Steelman
Kecia Steelman is a strategic leader with a proven track record of driving operational excellence and creating exceptional guest experiences. With over ten years at Ulta Beauty, she has held various executive roles, including president and COO since 2023. Her background spans retail operations and services, real estate, corporate strategy, and business transformation.
