REG - Revolution Beauty Gp - Directorate Changes

Revolution BeautyAnnouncement

31/08/2023 08:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230831:nRSe9408Ka&default-theme=true

RNS Number : 9408K  Revolution Beauty Group PLC  31 August 2023

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

 For immediate release  31 August 2023

 

 

REVOLUTION BEAUTY GROUP PLC

("Revolution Beauty", the "Group" or the "Company")

 

Directorate Changes

 

Lauren Brindley to be appointed Group Chief Executive Officer

 

Colin Henry and Chris Fry appointed Independent Non-Executive Directors

Revolution Beauty Group plc (AIM: REVB), the multi-channel mass beauty
innovator, is pleased to announce the appointment of Lauren Brindley as Group
Chief Executive Officer ("CEO") effective on 18 September 2023, and the
immediate appointment of Colin Henry and Chris Fry as Independent
Non-Executive Directors of the Group.

Appointment of Lauren Brindley as CEO

Lauren Brindley will join the Board as CEO on 18 September 2023, replacing Bob
Holt, who as previously announced, will stand down as CEO and leave the
business today. Alistair McGeorge will move to the role of Non-Executive
Chairman on Lauren's appointment.

Lauren brings a wealth of experience in senior management roles in mass
consumer businesses specialising in the Beauty & Personal Care categories.
She will be accountable for leading the Group globally, delivering strategic
growth, and creating long-term shareholder value.

Lauren was most recently the Group Vice President for Beauty & Personal
Care at Walgreens where she was accountable for the American retailer's beauty
and personal care strategy and financial delivery across all 9,000+ stores and
digital channels. During her tenure at Walgreens, she built a multi-year,
multi-stage strategy to elevate and differentiate the business's approach to
omnichannel beauty retailing, leading to a positive upswing in its performance
in the segment.

Prior to Walgreens, Lauren was at Boots UK and Boots Retail International,
where she served in various roles including Head of Prestige Beauty &
Fragrance and Head of the No.7 Beauty Brand & Mass Beauty categories,
where she led the brand's repositioning strategy. Lauren also served as
Country Manager for the business's Southeast Asian operations. Lauren began
her career at Tesco UK serving in multiple roles within Marketing and
Merchandising.

 

Alistair McGeorge, Executive Chairman, said:

"We are pleased that Lauren will be joining Revolution Beauty at such a
critical and exciting time for the Group. Lauren's extensive knowledge of the
beauty and retail industries, and proven track record of driving meaningful
results, will be critical as we build Revolution Beauty into a global beauty
leader.

"I would also like to thank Bob Holt for his contribution during his time as
CEO. His work in introducing new protocols across the business and overseeing
the lifting of the suspension in trading of the Group's shares means that we
are in a good position to pursue the next stage of growth."

 

Lauren Brindley, incoming Chief Executive Officer, commented:

"I'm thrilled to be joining Revolution Beauty at such a pivotal moment for the
Group. Revolution Beauty is recognised as one of the fastest product
innovators in the sector and the brand has already proven it has global
potential. I am excited to join the Revolution Beauty team and bring this
amazing brand and our innovative products to consumers across the globe."

 

Appointment of Colin Henry and Chris Fry as Independent Non-Executive
Directors

The Company is also pleased to announce the appointment of Colin Henry and
Chris Fry as Independent Non-Executive Directors of the Group.

They will replace Jeremy Schwartz, Rachel Maguire and Matthew Eatough, who
informed the Board that as they are not standing for re-election at the AGM,
they are resigning their positions as Independent Non-Executive Directors and
stepping down from the Board. Colin and Chris were identified following a
search led by the Nomination Committee, and these changes take effect from
today.

Colin brings over 30 years' experience in multinational retail businesses
having previously held senior roles at Marks & Spencer PLC, Polo Ralph
Lauren, Nike / Umbro, Jaeger, and New Look. Colin is an experienced Senior
Advisor and Executive Director with a global perspective and international
experience. He comes with a proven track record for delivering results in both
luxury and mass markets, with a passion for brand, design, and omnichannel
retail.

Chris is an accomplished executive with more than 30 years of finance and
commercial experience. Chris began his career at PwC where he qualified as a
chartered accountant, before later serving as a Senior Partner and Head of
KPMG's Liverpool office. Currently serving as Chief Financial Officer of
FinTech company BankiFi, Chris has advised numerous listed and private
companies in board positions across a variety of commercial sectors.

 

Alistair McGeorge, Executive Chairman, said:

"Colin and Chris both bring with them highly relevant experience that will
benefit the Group and its future. I am very pleased to welcome them to the
Board.

"I would also like to take this opportunity to thank Jeremy, Matthew and
Rachel for their contribution to the business."

 

Lauren, Colin, and Chris currently hold no shares in the Company.

The following information regarding the appointment of Lauren Elizabeth
Brindley, aged 44, is disclosed under Schedule Two, paragraph (g) (i)-(viii)
of the AIM Rules for Companies:

Current directorships and partnerships:

Indu Cosmetics Ltd

The following information regarding the appointment of Colin Glen Henry, aged
58, is disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules
for Companies:

Current directorships and partnerships:

East Imperial Plc

Silverwells Consultants Limited

In addition, Colin has held the following directorships in the past five
years:

St George's Drive SW1 Ltd

The following information regarding the appointment of Christopher Ramon Fry,
aged 60, is disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM
Rules for Companies:

Current directorships and partnerships:

Less Admin US Inc

Less Admin Limited

BankiFi Technology Ltd

CCF Business Services Limited

In addition, Chris has held the following directorships in the past five
years:

Liverpool City Region Growth Company (Holdco) Limited

Liverpool City Region Growth Company Limited

The Contact Company Ltd

The Contact Specialists Ltd

Tower Wharf Ltd

Buxton Arts Festival Limited

 

For further information please contact:

 Investor Relations                                               Investor.Relations@revolutionbeautyplc.com

 Elizabeth Lake
 Joint Corporate Brokers

 Zeus (NOMAD): Nick Cowles /Jamie Peel /Jordan Warburton          Tel: +44 (0) 161 831 1512

 Liberum: Clayton Bush / Edward Thomas / Miquela Bezuidenhoudt    Tel: +44 (0) 203 100 2222
 Media enquiries                                                  Tel: +44 (0)20 3805 4822

 Headland Consultancy                                             Revolutionbeauty@headlandconsultancy.com

 Matt Denham / Will Smith / Antonia Pollock

 

The person responsible for arranging the release of this announcement on
behalf of the Company is Elizabeth Lake, the Chief Financial Officer of the
Company.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAEAXPFDAFDEEA