Ulta Beauty Appoints Scott Settersten Chief Financial Officer

  Ulta Beauty Appoints Scott Settersten Chief Financial Officer

Business Wire

BOLINGBROOK, Ill. -- March 12, 2013

Ulta Beauty (NASDAQ:ULTA) (the “Company”) today announced the appointment of
Scott Settersten as Chief Financial Officer and Assistant Secretary, effective
immediately. Mr. Settersten will report to Dennis Eck, Interim Chief Executive
Officer.

Mr. Settersten has been Acting Chief Financial Officer and Assistant Secretary
since October 2012. He previously served as Vice President of Accounting since
2010 and was responsible for accounting, tax and external reporting. In that
role, he also oversaw investor relations and worked closely with the Audit
Committee and Board of Directors. He joined Ulta Beauty in January 2005 as
Director of Financial Reporting.

Prior to joining Ulta Beauty, Mr. Settersten spent 15 years with
PricewaterhouseCoopers LLP as a certified public accountant serving in various
senior manager roles in the assurance and risk management practices. Mr.
Settersten earned his Masters of Science in Accountancy from DePaul University
in Chicago and an undergraduate degree from the University of Wisconsin Stout.

“The Board and I are delighted to appoint Scott to this position which is so
crucial to Ulta Beauty’s future success,” Mr. Eck said. “During his eight
years with Ulta Beauty, Scott has demonstrated excellent leadership and
management capabilities. Scott is highly respected by the Board and the Ulta
Beauty leadership team, and has done a terrific job stepping up to lead the
finance organization since taking on the CFO role last fall. Scott will be a
valuable partner to me and to the next CEO of Ulta Beauty.”

“I am honored to serve as Chief Financial Officer of Ulta Beauty,” said
Settersten. “I look forward to continuing to work closely with the board and
the leadership team to successfully execute our long term growth strategy.”

About Ulta Beauty

Ulta Beauty is the largest beauty retailer that provides one-stop shopping for
prestige, mass and salon products and salon services in the United States.
Ulta Beauty provides affordable indulgence to its customers by combining
unmatched product breadth, value and convenience with the distinctive
environment and experience of a specialty retailer. Ulta Beauty offers a
unique combination of over 20,000 prestige and mass beauty products across the
categories of cosmetics, fragrance, haircare, skincare, bath and body products
and salon styling tools, as well as salon haircare products. Ulta Beauty also
offers a full-service salon in all of its stores. As of February 2, 2013, Ulta
operates 550 retail stores across 45 states and also distributes its products
through the Company’s website: www.ulta.com.

Contact:

Ulta Beauty
Company Contacts:
Scott Settersten
Chief Financial Officer
(630) 410-4807
or
Laurel Lefebvre
Vice President, Investor Relations
(630) 410-5230
or
Media Contact:
DKC
Juliet Horn
(212) 981-5221
 
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