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Ulta taps Mary Dillon to serve as new CEO

BOLINGBROOK — Beauty products company Ulta has named former cellular company chief executive Mary Dillon as its new CEO.

Dillon will take over from interim CEO Dennis Eck, who took on that role in February when CEO Chuck Rubin resigned to become CEO of Michaels Stores Inc.

Dillon, whose appointment is effective July 1, will also serve as a board member, Ulta announced Monday.

The 52-year-old Dillon had served as president, CEO and a board member at wireless carrier U.S. Cellular since June 2010. She was also the global chief marketing officer and executive vice president for McDonald’s Corp. and has held several positions at PepsiCo, including president of the Quaker Foods unit.

U.S. Cellular named Kenneth Meyers as president and CEO.

Ulta’s popularity has grown as shoppers look to the retailer for a wider array of beauty brands and products than they might find at a department store or other retailer. The Bolingbrook, Ill., company has added more store-within-store concepts to increase the presence of brands like Clinique and expanded its loyalty program to draw shoppers back regularly.

Ulta Salon, Cosmetics & Fragrance Inc. had 576 stores in 46 states as of May 4.

Its shares closed at $94.15 on Friday. They have risen 30 percent from a 52-week low of $72.51 in mid-March. They traded as high as $103.52 early last September.

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