Paula Oyibo Steps Down as CFO of Ulta Beauty After One Year

June 28, 2025 - 10:49

In a surprising move, Paula Oyibo has departed from her position as Chief Financial Officer at Ulta Beauty after just one year in the role. Oyibo joined the beauty retail giant with a wealth of experience and was expected to play a pivotal role in the company's financial strategies and growth initiatives. Her tenure was marked by significant developments, including efforts to enhance operational efficiency and drive revenue growth.

While the reasons for her departure have not been publicly disclosed, it comes at a time when the retail landscape is undergoing rapid changes, particularly in the beauty sector. Ulta Beauty has been navigating challenges such as shifting consumer preferences and increased competition.

As the company looks to the future, the search for a new CFO is expected to be a priority. Oyibo's exit raises questions about the financial leadership at Ulta and what this means for the company's strategic direction moving forward.