Revolution Beauty finance boss Elizabeth Lake clings on

Revolution Beauty’s finance boss clung on to her job despite shareholder opposition, in the latest spat to hit the embattled beauty brand.

Chief financial officer Elizabeth Lake was reinstated at the annual general meeting – but only after 30 per cent of investors voted against her election.

It came just three months after investors briefly forced her out of the job. 

The Kent-based make-up company has had a turbulent two years since it went public, including shareholder showdowns and a stock exchange suspension. 

Boohoo, Revolution’s biggest shareholder, was among the 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 a turbulent two 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, it is not thought that Boohoo voted against Lake at this week’s AGM despite previously opposing her re-election.

Revolution Beauty’s shares gained 0.8 per cent, or 0.2p, to 25p yesterday.