Elizabeth Lake, chief financial officer of Revolution Beauty, stands by it
Revolution Beauty’s chief financial officer held on to her job despite shareholder opposition amid the latest row over the embattled beauty brand.
CFO Elizabeth Lake was reinstated in her position at the annual general meeting – but only after 30 percent of investors voted against her election.
It happened just three months after investors briefly forced her out of the job.
The Kent-based make-up company has endured a turbulent two years since its IPO, including shareholder debates and a stock market ban.
Boohoo, Revolution’s largest shareholder, was among the group of disgruntled investors who voted to oust Lake, former boss Bob Holt and former chairman Derek Zissman in June this year.
Struggle: Revolution Beauty has had a turbulent two years since going public
All three were rehired hours later, but Holt and Zissman agreed to quit 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 general meeting, despite him previously opposing her re-election.
Shares in Revolution Beauty rose 0.8 per cent, or 0.2p, to 25p yesterday.