Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Ulta Beauty Confirms New CFO

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Beauty-products seller and salon operator Ulta Beauty (NASDAQ: ULTA  ) has been without a permanent chief financial officer since ex-CFO Bruce Hartman abruptly left the company in October, after only a six-week stint. But that all ended yesterday, when the company announced that it has confirmed interim CFO Scott Settersten as its new CFO. Formerly Ulta's vice president of accounting, Settersten has kept the CFO's chair warm ever since Hartman's exit last year. Now it seems he'll get to keep it.

The compensation package  to go with his new title:

  • A $400,000 base salary.
  • An annual bonus targeting 50% of base salary (that's $200,000 more).
  • Restricted stock "units" worth another $400,000, vesting March 12, 2016.
  • Severance of 18 months' salary (under certain conditions).

Ulta shareholders may not mind paying the generous package, however. News of the new CFO appointment has already helped to add more than $22 million to their company's market cap. Ulta shares traded 0.3% higher today, at $87.49.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2311338, ~/Articles/ArticleHandler.aspx, 9/27/2016 10:05:55 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 49 minutes ago Sponsored by:
DOW 18,228.30 133.47 0.74%
S&P 500 2,159.93 13.83 0.64%
NASD 5,305.71 48.22 0.92%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/27/2016 4:00 PM
ULTA $243.66 Up +5.85 +2.46%
Ulta Salon, Cosmet… CAPS Rating: ****