Britain's Revolution Beauty appoints Bob Holt as CEO (updated)
28/11/2022 07:39
(Adds more details, background)
Nov 28 (Reuters) - British makeup group Revolution
Beauty REVB.L named Bob Holt as its new chief executive on
Monday, less than three weeks after Adam Minto stepped down amid
an independent accounting probe.
Trading in Revolution Beauty's shares was suspended on Sept.
1 after the company missed releasing final results for the year
ended Feb. 28 due to accounting issues that prompted the group's
auditor to order a probe in August.
Holt, who has been the company's interim chief operating
officer since Oct. 14, previously held top positions in housing
energy services group SureServe Group SURS.L and housing and
social care provider Mears Group MERG.L .
The investigation into the accounting issues was ongoing
and no conclusion had been drawn, Revolution Beauty said.
Minto stepped down on Nov. 9.
(Reporting by Sinchita Mitra in Bengaluru; Editing by Saumyadeb
Chakrabarty)
((Sinchita.Mitra@thomsonreuters.com;))