Chuck Rubin, President and Chief Executive Officer of US beauty chain Ulta Beauty has made the decision to resign, effective 21 February. He will assume a new role as a CEO of Michaels Stores, a specialty arts and crafts retailer.
Meanwhile, the company has appointed Dennis K. Eck, current Non-Executive Chairman of the Board of Directors, as interim CEO. A search committee has already been formed by Ulta’s Board of Directors to identify a permanent CEO.
“My choice to pursue an opportunity at another company was not easy, but I believe it is the right decision for me and my family,” said Rubin. “I have very much enjoyed my tenure as President and CEO at Ulta Beauty, working alongside some of the industry’s finest talent. I am proud of what we have accomplished together and am confident that the company will continue to drive value creation for shareholders and other important stakeholders through the execution of its growth strategy.”