Ulta Beauty names acting CFO
BOLINGBROOK, Ill. — Ulta Beauty has announced the appointment of Scott Settersten as acting CFO, effective immediately. Settersten replaces Bruce Hartman, who has resigned from his position as CFO by mutual agreement with the company.
“We are fortunate to have Scott serve as acting CFO. Scott’s exceptional finance and accounting experience will serve Ulta Beauty well as we move forward. During his seven years at Ulta Beauty, Scott has demonstrated a keen financial aptitude and excellent leadership and management capabilities. Scott is committed to serving as acting CFO, where he will lead our experienced and dedicated finance team. Ulta Beauty continues to excel in the marketplace due to our strong business model, superior execution results and strong growth potential for the future,” stated Chuck Rubin, president and CEO.
Ulta Beauty stated that Hartman’s separation from the company is not related to any disputes with management or the Board of Directors, the company’s operational performance, financial condition or issues regarding the integrity of the company’s financial statements or accounting policies and practices.
The company has initiated a search for a permanent CFO. Settersten will be considered for the permanent CFO position.
Settersten has served as VP accounting since 2010 and was responsible for accounting, tax and external reporting. In his role as VP accounting, he has also overseen investor relations, and has worked closely with the Audit Committee and Board of Directors. He joined Ulta Beauty in January 2005 as a director of financial reporting. Prior to joining Ulta Beauty, Settersten spent 15 years with PricewaterhouseCoopers as a certified public accountant serving in various senior manager roles in the assurance and risk management practices.
Nature’s Gate celebrates 40th anniversary, partners with WaterAid
CHATSWORTH, Caif. — Natural personal care manufacturer Nature’s Gate has partnered with international nonprofit organization WaterAid, a charity dedicated to improving access to safe water, sanitation and hygiene education.
As part of this partnership, Nature’s Gate will complete eight new rainwater-harvesting systems and deliver sustainable supplies of safe, clean water to at least 4,000 people by the end of 2012, the company stated.
Only 1% of the Earth’s water is suitable for human use and consumption, nearly 800 million people live without access to safe water, and some 2,000 children die every day from water-related diseases, the company stated. The water crisis is one of the largest public health issues of our time and families and communities are forced to live in poverty, without access to safe, clean water and sanitation, without adequate health care, education or economic opportunities. Rainwater harvesting is a simple and low-cost technique for generating permanent, safe water sources.
The news comes as both Nature’s Gate and the United States Clean Water Act, the nation’s first law intended to preserve Earth’s most valuable natural resource, celebrate their 40th anniversary.
To further celebrate the environmental milestone, Nature’s Gate has revisited its roots with a special-edition body wash. Packaged with a vintage-style bottle, logo and label design, the 40th Anniversary Herbal Body Wash is reminiscent of their original Rainwater Shampoo.
Epilady, Sharper Image collaborate on hair removal system
NEW YORK — Epilady USA has collaborated with Sharper Image to develop an all-in-one Sharper Image Total Body Hair Removal System and is set to launch a new Sharper Image Bikini Trimmer in the near future, the company has announced.
The product is to be used on the arms, legs, underarms, bikini line and face. The system offers an epilator, shaver, trimmer and micropeel exfoliator all-in-one rechargeable machine. The epilator comes with Epilady’s Perfect Angle Guide — to keep it at the ideal epilating angle — and Precision Head Cap, which should be used to do finer hair removal in sensitive areas.
The shaver head has two trimmers on it. One is a straight trimmer, which will allows users to shape and trim all the way down to skin level, and the other is slightly curved and raised, and will pare down longer hairs to the perfect length for either shaving or epilating.
The micropeel exfoliator is made from natural materials, and will buff out rough skin help uncover little ingrown hairs, exposing them to the epilator or shaver.