Ulta Beauty's CMO Michelle Crossan-Matos has exited the company, president and CEO Kecia Steelman tells WWD.
After the surprise stepping down of then-chief executive officer Dave Kimbell — and ensuing elevation of president and chief operating officer Kecia Steelman to the top job — the largest beauty retailer in the U.S. has parted ways with its chief marketing officer,we are embarking on a transformative year that will require us to make important decisions in order to drive long-term growth and operational efficiencies for our business.
Steelman told WWD earlier this month that there wouldn’t be any shifts in strategy from the plan revealed at the company’s investor day last October. However, she did say she wouldn’t be filling the COO role she left empty upon her promotion, and that she was looking for a new chief merchandising officer after Monica Arnaudo revealed her retirement effective later this year., the global brands operator, and Steelman didn’t rule out future expansions into other international markets.
Ulta has faced headwinds in the last year, including increasing competition from Sephora and Amazon, but at the time of Kimbell’s departure, the company actually raised its guidance for the fourth quarter. It is now expecting comparable sales to trend upward and operating margin to exceed the previously reported range of 11.6 percent to 12.4 percent.Ronald S. Lauder Retires From Estée Lauder Board, Eric Zinterhofer to Take One of His Two Seats at the Table.
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