Ulta Salon, Cosmetics & Fragrance (NASDAQ: ULTA ) can now remove the "interim" adjective from its CEO post. The company has appointed Mary Dillon to be its new chief executive, replacing fill-in CEO Dennis Eck. Dillon will officially take up her new position on July 1.
According to an SEC filing submitted by Ulta, Dillion will receive an annual base salary of $925,000, plus a signing bonus of $320,000. She will also be eligible for several performance-based incentives and other bonuses payable in stock and cash.
Prior to joining Ulta, Dillon was president, CEO, and a director of U.S. Cellular (NYSE: USM ) . She had held those positions since June 2010.
Her departure was not a shock to that company. Today, it announced that, effective June 22, Kenneth Meyers will be its new president and CEO. Meyers moves over from U.S. Cellular's majority owner, TDS (NYSE: TDS ) , where he served as executive vice president and CFO. He is also a director at that firm and at U.S. Cellular, where he had occupied numerous managerial positions since joining it in 1987.