- Push-out Score determined
- After almost eight years in the position
- Accolades, praise and thanks for Dillon
- Dave Kimbell taking over
- Dillon will remain as executive chair at Ulta Beauty
- Dillon spoke at length and said 138 words
(exechange) — Bolingbrook, Illinois, March 11, 2021 — Mary Dillon, chief executive of Ulta Beauty, leaves her position. As announced by Ulta Beauty Inc. in a news release and in a regulatory filing published on Thursday, March 11, 2021, Mary N. Dillon leaves her post as chief executive officer at the cosmetics retailer after almost eight years in the role, effective June 2, 2021.
Mary Dillon’s duties as CEO will be taken over by David C. (Dave) Kimbell, currently president of Ulta Beauty Inc.
Mary Dillon’s move forms part of a management shake-up also involving the position of chief operating officer.
“Thorough succession planning process”
The management change is explained as follows. Ulta Beauty said: “Following a thorough succession planning process, the company today announced leadership changes to drive continuity and continued momentum, all effective in June.”
Dillon will remain as executive chair at Ulta Beauty
“Dillon will transition to the role of executive chair of the board of directors,” Ulta Beauty said.
Ulta Beauty said: “Dave Kimbell, president, will succeed Mary Dillon as chief executive officer and will be nominated to stand for election to the company’s board of directors at the 2021 annual stockholders meeting.”
Share price increase since March 2018
The announcement follows an increase in Ulta Beauty Inc.’s share price of 71% since March 2018.
Chaired by Robert DiRomualdo
Robert DiRomualdo serves as Ulta Beauty Inc.’s Chairman.
DiRomualdo is Chairperson and Chief Executive Officer of Naples Ventures, LLC, a private investment company that he formed in 2002.
In the position of CEO since 2013
Mary Dillon became CEO of the Company in 2013.
Dillon intends to serve as executive chair for a one-year term and, with the board of directors, will continue to help guide strategy while supporting Kimbell in his transition.
Dillon has been the Company’s Chief Executive Officer since July 2013.
Dillon joined the Board of Directors of Starbucks in January 2016 and serves as the Chair of the compensation and management development committee and as a member of the nominating and corporate governance committee.
Dillon also serves on the Board of Directors of KKR & Co. Inc.
Prior to joining Ulta Beauty, Dillon served as President and Chief Executive Officer and member of the board of directors of United States Cellular Corporation (“U.S. Cellular”), a provider of wireless telecommunication services, beginning in June 2010.
Prior to joining U.S. Cellular, Dillon served as Global Chief Marketing Officer and Executive Vice President of McDonald’s Corporation from 2005 to 2010, where she led its worldwide marketing efforts and global brand strategy.
Prior to joining McDonald’s, Dillon held several positions of increasing responsibility at PepsiCo Corporation, including as President of the Quaker Foods division from 2004 to 2005 and as Vice President of Marketing for Gatorade and Quaker Foods from 2002 to 2004.
Dillon served as a director of Target Corporation from 2007 to 2013 and as a member of its compensation committee from 2009 to 2013.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Mary Dillon’s move on a scale of 0 to 10.
exechange reached out to Ulta Beauty and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 11.2021 ($).