TIDMREVB

RNS Number : 7018H

Revolution Beauty Group PLC

28 November 2022

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   28 November 2022

REVOLUTION BEAUTY GROUP PLC

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

Appointment of CEO

Revolution Beauty Group plc (AIM: REVB), the multi-channel mass beauty innovator, is pleased to announce the appointment of Bob Holt OBE as Chief Executive Officer (CEO). Bob has been providing leadership to the business as interim Chief Operating Officer since 14 October 2022, and will become CEO with immediate effect.

Bob is an accomplished executive with more than 30 years' experience in senior positions and executive roles across a wide range of sectors. Having led as CEO and Executive Chairman a number of UK listed companies, including the turnaround of SureServe Group Plc and significant growth of Mears Group Plc, the Board believe he is the right person to drive the business forward.

The independent investigation being carried out by Forensic Risk Alliance and Macfarlanes remains ongoing, and no conclusions have been drawn. An update will be released to the market in due course.

Bob holds no shares in the Company.

Bob Holt, Incoming CEO of Revolution Beauty said : "Over the past six weeks I have seen first-hand the quality of people working at Revolution Beauty, the overall popularity of the brand and innovation of products for customers around the world. I believe there is a huge opportunity for the business as it moves ahead and I am confident that, together with the team, we will drive the business forward."

Information on Bob required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies:

Robert ("Bob") Holt, aged 68, currently holds directorships and partnerships in the following companies:

Business Strategy LLP

Coal Hole Limited

Global Trees

Leadership Today Limited

The Logical Utilities Company Limited

Totally Plc

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

Arbed Am Byth Limited

DX (Group) Plc

Ensco 996 Limited

Ensco 997 Limited

Inprova Group Ltd

Mears Group Plc

Seneca Partners Limited

Senone LLP

Sureserve Compliance Services Limited

Sureserve Design & Build Limited

Sureserve Energy Services Limited

Sureserve Group Plc

Sureserve Holdings Limited

Sureserve Vgs Limited

The Mears Foundation

For further information please contact:

 
Revolution Beauty Group plc 
Bob Holt / Elizabeth Lake    Investor.Relations@revolutionbeautyplc.com 
 
 
J oint Corporate Brokers 
Zeus (NOMAD): Nick Cowles /Jamie   Tel: +44 (0) 161 831 1512 
 Peel /Jordan Warburton 
 Liberum: Clayton Bush / Edward    Tel: +44 (0) 203 100 2222 
 Thomas / Miquela Bezuidenhoudt

Media enquiries:

 
Headland Consultancy                                            Tel: +44 (0)7872 350428 
 Rosh Field / Will Smith / Marta Parry-Jones                    Tel: +44 (0)7884 742400 
                                               Revolutionbeauty@headlandconsultancy.com

- Ends -

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 or visit 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.

END

BOAPPGRWGUPPPPM

(END) Dow Jones Newswires

November 28, 2022 02:00 ET (07:00 GMT)

Revolution Beauty (LSE:REVB)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Revolution Beauty Charts.
Revolution Beauty (LSE:REVB)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Revolution Beauty Charts.