Revolution Beauty promotes Bob Holt to CEO
By Michele Maatouk
Date: Monday 28 Nov 2022
(Sharecast News) - Beleaguered cosmetics company Revolution Beauty said on Monday that it has promoted interim chief operating officer Bob Holt to the role of chief executive with immediate effect.
Revolution said that Holt is an accomplished executive with more than 30 years of experience in senior positions and executive roles across a wide range of sectors.
"Having led as CEO and executive chairman a number of UK listed companies, including the turnaround of SureServe and significant growth of Mears, the board believe he is the right person to drive the business forward," it said.
The appointment comes just weeks after Adam Minto stepped down as CEO amid an accounting probe.
Revolution said the independent investigation being carried out by Forensic Risk Alliance and Macfarlanes remains ongoing, and no conclusions have been drawn.
Holt said: "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.
"I believe there is a huge opportunity for the business as it moves ahead and I am confident that, together with the team, we will drive the business forward."
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