Revolution Beauty CFO Elizabeth Lake Holds On
Revolution Beauty’s chief financial officer has held on to her job despite opposition from shareholders, in the latest row to hit the embattled beauty brand.
Chief financial officer Elizabeth Lake was reinstated at the annual general meeting, but only after 30 percent of investors voted against her election.
It came just three months after she was briefly forced out of work by investors.
The Kent-based makeup company has endured a turbulent two years since going public, including shareholder clashes and a stock market suspension.
Boohoo, Revolution’s largest shareholder, was among the group of disgruntled investors who voted to oust Lake, former boss Bob Holt and former president Derek Zissman in June this year.
Struggle: Revolution Beauty has had a turbulent two years since going public
All three were reinstated hours later, but Holt and Zissman agreed to resign the following month to reach a truce with the fast fashion giant.
However, Boohoo is not believed to have voted against Lake at this week’s AGM despite previously opposing his re-election.
Revolution Beauty shares gained 0.8 per cent, or 0.2p, to 25p yesterday.