Revolution Beauty said on Tuesday CEO Bob Holt and Chairman Derek Zissman had agreed to step down from the British makeup company as part of a settlement deal with top shareholder Boohoo over board changes.
to over 26% last year, sought board changes at the company last month, calling for better management after questions over its 2022 accounts.
McGeorge is Boohoo's deputy chairman, while Catto is an executive director at Boohoo and its former finance chief. Holt did not immediately respond to a message seeking comment on LinkedIn. Reuters was not able to contact Zissman.late last year, would stay on with the business as interim CEO till August, the company added.
Revolution Beauty's auditors began a probe in August after raising concerns over its 2022 accounts, prompting a suspension in the trading of its shares on Sept. 1.
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