Revolution Beauty finance boss Elizabeth Lake clings on
Revolution Beauty’s chief financial officer, Elizabeth Lake, is hanging on
Revolution Beauty’s finance boss has stuck to her job despite shareholder opposition in the latest row over the embattled beauty brand.
Chief Financial Officer Elizabeth Lake was reinstated at the annual general meeting, but only after 30 percent of investors voted against her election.
It came just three months after investors briefly forced her out of her job.
The Kent-based make-up company has had a turbulent two years since going public, including confrontations with shareholders and a suspension from the stock exchange.
Boohoo, Revolution’s largest shareholder, was among a group of disgruntled investors who voted to remove Lake, former boss Bob Holt and ex-chairman Derek Zissman in June this year.
Struggle: Revolution Beauty has had two turbulent years since it went public
All three were reinstated 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 thought to have voted against Lake at this week’s General Assembly, despite previously opposing her re-election.
Revolution Beauty shares rose 0.8 per cent, or 0.2p, to 25p yesterday.