Interim chief operating officer Bob Holt named CEO
Accounting enquiry continues
Nov 28 (Reuters) - British makeup group Revolution
Beauty named insider Bob Holt as its chief executive on
Monday, less than three weeks after former CEO Adam Minto
stepped down following an independent accounting enquiry.
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, 68, who has been the company's interim chief operating
officer since Oct. 14, previously held top positions in housing
energy services group SureServe Group and housing and
social care provider Mears Group.
Former chief Minto, who left the company on Nov.9, initially
stepped away from the day-to-day management of the company along
with executive chairman Tom Allsworth in October as the company
further delayed filing final results for year ended Feb.28.
Minto at the time said his temporary absence was to help the
Revolution Beauty, in which online fashion retailer Boohoo
holds a near 13% stake, said the investigation
continued and no conclusion had been drawn.
Last week, asset manager Jupiter Fund Management,
which held 8.43% in the company, disposed of its stake in the
group, a regulatory filing showed.
(Reporting by Sinchita Mitra in Bengaluru; Editing by Saumyadeb
Chakrabarty and Barbara Lewis)