Five Below, Inc. announced the appointment of Scott Settersten, former Chief Financial Officer of Ulta Beauty, to its Board of Directors and its Audit Committee, effective September 21, 2026, according to a press release filed with the SEC.
The addition brings Five Below's Board to ten directors.
Mike Devine, Chair of the Five Below Board, said Settersten is a highly respected finance leader with a proven track record of scaling a high-growth retail business while maintaining strong financial discipline. Devine said the company looks forward to drawing on Settersten's experience as it executes on its growth opportunity.
Settersten served as CFO of Ulta Beauty from 2012 until his retirement in March 2024, overseeing finance, accounting, tax, treasury, procurement, internal audit, investor relations, loss prevention and real estate teams. He also spent 15 years with PricewaterhouseCoopers LLP as a certified public accountant in the assurance and risk management practices, and served as a director and audit committee member of Kimball International from July 2020 to June 2023.
Settersten said he is honored to join the Five Below Board and called the company one of the most compelling growth stories in retail with a unique value proposition and target customer. He said he looks forward to working with the Board and leadership team to build on the company's momentum and execute its long-term growth strategy.
Five Below is a retailer offering trend-right, extreme-value products, with most items priced between $1 and $5 and some priced beyond $5. Founded in 2002 and headquartered in Philadelphia, Pennsylvania, the company operates more than 2,000 stores across 47 states.
$FIVEFive BelowPrice$232 ▼1.69%Net sentiment+0.15Bullish80%Mentions · 30d5Samplen=5Avg volume128,115View on the dashboardFinazon · prior-day close · Sep 22, 2026