Revolution Beauty CEO Holt would quit as part of Boohoo peace deal - Sky News

FILE PHOTO: A woman poses with a smartphone showing the Boohoo app in front of the Boohoo logo on display in this illustration·Reuters
Reuters
Updated 1-min read
In this article:

(Reuters) - UK-based Revolution Beauty's Chief Executive Officer Bob Holt would quit the beauty products retailer if there is a settlement with top shareholder Boohoo over board changes, Sky News reported on Tuesday.

Boohoo had in late June urged the company to call for a general meeting to remove executives including Holt, CFO Elizabeth Lake and Chairman Derek Zissman from the board, a day after they were all re-appointed.

It was unclear whether Holt would resign immediately or step down when a successor was appointed, the Sky News report said.

Both the companies declined to comment. Holt did not immediately respond to a request for comment.

The move comes a day after Revolution Beauty said it could reach a settlement with online retailer Boohoo "in the coming days," ahead of a general meeting on August 7.

(This story has been corrected to say that Holt 'would quit' in case of a settlement, not 'will quit,' in the headline and paragraph 1)

(Reporting by Eva Mathews in Bengaluru; Editing by Nivedita Bhattacharjee)