28th Nov 2022 10:57
Revolution Beauty Group PLC - AIM-listed beauty products retailer - Promotes Interim Chief Operating Officer Bob Holt to chief executive officer, effective immediately. Holt has more than 30 years of experience in senior and executive roles, including energy services firm Sureserve Group PLC and housing & social care provider Mears Group PLC.
"Over the past six weeks I have seen first-hand the quality of people working at Revolution Beauty, the overall popularity of the brand and innovation of products for customers around the world," Holt says.
Adds that the independent investigation being carried out by Forensic Risk Alliance and Macfarlanes LLP continues, and no conclusions have been drawn. In October, former CEO Adam Minto stepped away from daily management. In September, the company's auditor BDO LLP said it had a "number of serious concerns" regarding the audit for the 2022 financial year, concluding that it was not able to sign an audit report.
Current stock price: shares suspended at 19.00 pence each on Sep 1
12-month change: down significantly from 12,200p
By Xindi Wei; [email protected]
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