THE WHAT? Ulta Beauty has announced that Patricia Little, former SVP and CFO of The Hershey Company, has been appointed to its Board of Directors.
THE DETAILS Little retired from her role at Hershey earlier this year and brings some 30 years of financial and leadership experience to the table.
“We are delighted to welcome Patricia Little to Ulta Beauty’s Board of Directors,” said Mary Dillon, Ulta CEO. “Patricia’s deep financial expertise and insights gained from her experience with consumer-orientated and brand-driven companies will be great additions to our board.”
THE WHY? With Ulta’s growth slowing, the company will be looking to reassure shareholders that it has the situation in hand. Hershey’s shares have gained 34 percent over the year, tracking well ahead of the S&P 50’s gain and has raise dividend payout accordingly and Little is credited with helping to create a more profitable and sustainable international business model there.