June 25 (Reuters) - Ulta Beauty ( ULTA ) said on

Wednesday its finance chief Paula Oyibo has quit the role after

a little over a year and named insider Chris Lialios as its

interim CFO.

Oyibo joined the beauty products retailer in 2019 and became

its finance chief in April 2024, succeeding longtime CFO Scott

Settersten.

Lialios joined Ulta Beauty ( ULTA ) in 1999 and has handled various

roles around accounting and finance.

The company, which has begun an external search for a

permanent successor, also reaffirmed its annual comparable sales

growth target of up to 1.5% and earnings per share forecast of

between $22.65 and $23.20.

It raised its annual profit target in May, helped by robust

demand for its new product launches such as Milk Makeup and

K-Beauty skincare brands.

Ulta Beauty's ( ULTA ) shares were down about 1% in early trading.

They have risen about 6% this year, but have lost about 11% of

their value since Oyibo took charge on April 1 last year.

(Reporting by Juveria Tabassum in Bengaluru; Editing by

Shailesh Kuber and Arun Koyyur)