Ulta Poaches U.S. Cellular CEO

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Ulta Salon, Cosmetics & Fragrance can now remove the "interim" adjective from its CEO post. The company has appointed Mary Dillon to be its new chief executive, replacing fill-in CEO Dennis Eck. Dillon will officially take up her new position on July 1.

According to an SEC filing submitted by Ulta, Dillion will receive an annual base salary of $925,000, plus a signing bonus of $320,000. She will also be eligible for several performance-based incentives and other bonuses payable in stock and cash.

Prior to joining Ulta, Dillon was president, CEO, and a director of U.S. Cellular . She had held those positions since June 2010.

Her departure was not a shock to that company. Today, it announced that, effective June 22, Kenneth Meyers will be its new president and CEO. Meyers moves over from U.S. Cellular's majority owner, TDS, where he served as executive vice president and CFO. He is also a director at that firm and at U.S. Cellular, where he had occupied numerous managerial positions since joining it in 1987.

The article Ulta Poaches U.S. Cellular CEO originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Ulta Salon, Cosmetics & Fragrance. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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