Kecia Steelman has been announced as the new CEO of Ulta Beauty. The previous CEO of Ulta Beauty, Dave Kimbell, took retirement after serving at Ulta Beauty for eleven years (since 2014).

"It's been a crazy 24 hours, that's for sure, but it's been really exciting at the same time," said Kecia Steelman, the newly minted chief executive officer and president of Ulta Beauty, in an exclusive interview with WWD on Tuesday.

Ulta Beauty forecasts a strong Q4 with modestly increasing comparable sales and higher-than-expected operating margins due to robust holiday demand. President Kecia Steelman will succeed retiring CEO Dave Kimbell,

This leadership change follows the retirement of Dave Kimbell, who has been with Ulta Beauty for eleven years.

Dave Kimbell, chief executive officer of Ulta Beauty, stepped down on Monday, surprising many industry insiders. Kecia Steelman, president and chief operating officer, will succeed him as president and CEO and will join the company’s board. Kimbell will serve as an adviser to the company through June 28.

Ulta Beauty has named Kecia Steelman as its chief executive, succeeding David Kimbell, as the company aims to reaccelerate its growth amid a global slowdown in the beauty market.

Ulta Beauty CEO Dave Kimbell will retire and Kecia Steelman, current President and COO, has been named as his successor.

Follow along with James as he shares valuable insights and stories about ranch life and land management!" CNBC's Courtney Reagan with breaking news on an change in Ulta Beauty's leadership. Nikki Glaser made her hosting debut at the 82nd Golden Globes,

CEO Dave Kimbell announced his retirement on Monday and will step down as the company’s chief executive and board member. He will be replaced by the company’s COO Kecia Steelman. Kimbell will remain at the company to serve as an adviser through June 28.