Revolution Beauty Group PLC (AIM:REVB) said it has appointed Bob Holt as its new chief executive officer with immediate effect, to succeed Adam Minto, who resigned earlier this month.
Holt has led the makeup and skincare company since mid-October, when Minto stepped away from the day-to-day management of the business in order to support the independent investigation being carried out by Forensic Risk Alliance and Macfarlanes.
Minto then resigned as CEO on 9 November.
The company described Holt as an “accomplished executive” with more than 30 years' experience in senior positions and executive roles across a wide range of sectors, including CEO and executive chairman roles in a number of UK-listed companies.
Commenting on his appointment in a statement, Holt 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."
The company said the independent investigation being carried out by Forensic Risk Alliance and Macfarlanes remains ongoing, and no conclusions have been drawn.