Elizabeth Lake, chief financial officer of Revolution Beauty, stands by it

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

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.

Drew Weisholtz

Drew Weisholtz is a Worldtimetodays U.S. News Reporter based in Canada. His focus is on U.S. politics and the environment. He has covered climate change extensively, as well as healthcare and crime. Drew Weisholtz joined Worldtimetodays in 2023 from the Daily Express and previously worked for Chemist and Druggist and the Jewish Chronicle. He is a graduate of Cambridge University. Languages: English. You can get in touch with me by emailing: DrewWeisholtz@worldtimetodays.com.

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