Kecia Steelman has been announced as the new CEO of Ulta Beauty. The previous CEO of Ulta Beauty, Dave Kimbell, took retirement after serving at Ulta Beauty for eleven years (since 2014).

Dave Kimbell, chief executive officer of Ulta Beauty, stepped down on Monday, surprising many industry insiders. Kecia Steelman, president and chief operating officer, will succeed him as president and CEO and will join the company’s board. Kimbell will serve as an adviser to the company through June 28.

This leadership change follows the retirement of Dave Kimbell, who has been with Ulta Beauty for eleven years.

US retailer Ulta Beauty has promoted Kecia Steelman to president and CEO, effective immediately. She replaces Dave Kimbell, who is retiring after an 11-year tenure. He is also stepping down from the company’s board of directors, but will stay on as an advisor to Ulta Beauty through 28 June.

Ulta Beauty CEO Dave Kimbell will retire and Kecia Steelman, current President and COO, has been named as his successor.

Kecia Steelman succeeds Kimbell and his 11-year tenure.

CEO Dave Kimbell is stepping down effective immediately, Ulta said Monday, and will stay on as an advisor through June 28.

Key Takeaways Ulta Beauty said CEO Dave Kimbell is retiring after 11 years at the company, effective Monday.Kimbell will be succeeded by Chief Operating Officer Kecia Steelman.The cosmetics retailer also said it expects its fourth-quarter operating margin to land above the high end of its previously estimated range.

Ulta Beauty CEO Dave Kimbell is retiring and will be replaced by Kecia Steelman, the company's chief operating officer. Ulta also hiked its fourth-quarter guidance. In a news release, the beauty retailer said the leadership changes are effective as of Monday.