Five Below Appoints Former Ulta CFO to Board

By Hao Liu • Thursday, September 24 10:46 • Permanent Link

Five Below added former Ulta Beauty CFO Scott Settersten to its board of directors and audit committee, expanding the board to 10 members.

Settersten retired from Ulta Beauty in March 2024 after serving as chief financial officer from 2012, a stretch of about 12 years. At Ulta, he oversaw finance, accounting, tax, treasury, procurement, internal audit, investor relations, loss prevention and real estate.

Before Ulta, he spent 15 years at PricewaterhouseCoopers as a CPA in assurance and risk management. He also served on the board of Kimball International from July 2020 to June 2023, giving him three years of public-company board experience.

Five Below said the appointment took effect Sept. 21, 2026. The retailer said it now operates more than 2,000 stores across 47 states. Today the company's shares have moved -2.1% to a price of $227.41. For more information, read the company's full 8-K submission here.

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