Good morning. Ulta Beauty, the largest specialty beauty retailer in the U.S., has a new finance chief.Following an external search, the company selected Christopher DelOrefice, who will begin his tenure on Dec. 5; Chris Lialios will continue to serve as interim CFO until then. DelOrefice succeeds former CFO Paula Oyibo, who left the company in June.He joins Ulta Beauty (No. 375 on the Fortune 500) from medical technology company Becton Dickinson & Co., where he has served as EVP and CFO since September 2021. Before that, DelOrefice spent over 20 years with Johnson & Johnson in various financial leadership roles, including VP of investor relations, VP of finance, and CFO of North America consumer.“I am honored to welcome Chris to the Ulta Beauty family as chief financial officer,” Kecia Steelman, Ulta Beauty’s president and CEO, told Fortune. “Since stepping into the CEO role earlier this year, I have been focused on building a team that reflects our vision for growth, and I’m proud to say that we have found the right talent to take us into the future.”DelOrefice will be instrumental in executing the Ulta Beauty “Unleashed” strategy, Steelman said. Announced in March 2025, the strategy outlines three key priorities: driving core business growth, scaling new ventures such as the UB Marketplace, and realigning for success. The plan aims to increase market share by expanding internationally, enhancing in-store experiences, broadening wellness and product assortments, and deepening digital engagement.“Ulta Beauty is a formidable market leader in the beauty category,” DelOrefice said in a statement, expressing confidence in the company’s growth opportunities ahead.Ulta Beauty grew its annual sales to $11.3 billion in 2024 from $912 million in 2007, thanks to opening more than 1,000 stores and maturing its e-commerce platform, according to a recent report by Morningstar senior equity analyst David Swartz. While Ulta Beauty faces strong competition and rapid product innovation, its loyal customer base has enabled it to capture market share from mall-based retailers and compete effectively against Amazon and other e-commerce players, he wrote.Morningstar believes Ulta Beauty can further reduce costs and expand by leveraging customer data and growing its premium product offering. The firm forecasts Ulta Beauty will expand its domestic store base by about 20% over the next decade, with long-term, same-store sales growth of 4%.Steelman, president and CEO since January, joined Ulta Beauty in 2014 and has held several leadership roles. She views DelOrefice as a strategic partner who will help fuel the company’s next chapter.Sheryl Estradasheryl.estrada@fortune.comThis story was originally featured on Fortune.com