Revolution Beauty announces new CEO in directorate switch-up
Revolution Beauty has announced the appointment of Lauren Brindley as chief executive officer, as the cosmetics brand switches up its board of directors.
She will take on the role from 18 September, replacing Bob Holt, who will be standing down as CEO and leaving the company today (31 Aug) following an agreement with majority shareholder Boohoo.
Brindley has worked in a number of senior management roles in mass consumer businesses with a specialisation in the beauty and personal care sectors. In her new role, she will be tasked with leading the group globally, delivering strategic growth, and creating long-term value for shareholders.
Most recently, Brindley was the group vice president for beauty and personal care at American retail company Walgreens. In this role, she built a strategy to help elevate the business’s approach to omnichannel retailing, leading to an increase in its performance.
Prior to Walgreens, she served in various roles at Boots including head of prestige beauty and fragrance and head of the No.7 brand and mass beauty categories.
She also served as country manager for the business’s Southeast Asian operations. Brindley began her career at Tesco serving in multiple roles within marketing and merchandising.
Alistair McGeorge will move to the role of non-executive chairman following her appointment.
He said: “We are pleased that Lauren will be joining Revolution Beauty at such a critical and exciting time for the group. Lauren’s extensive knowledge of the beauty and retail industries, and proven track record of driving meaningful results, will be critical as we build Revolution Beauty into a global beauty leader.”
The company has also announced the immediate appointment of Colin Henry and Chris Fry as independent non-executive directors. They replace Jeremy Schwartz, Rachel Maguire and Matthew Eatough, who are not standing for re-election.
Henry brings over 30 years’ experience in multinational retail businesses having held senior roles at M&S, Polo Ralph Lauren, Nike, Umbro, Jaeger, and New Look.
Fry is an accomplished executive with over 30 years of finance and commercial experience. He began his career at PwC where he qualified as a chartered accountant, later serving as a senior partner and head of KPMG’s Liverpool office. He has advised numerous listed and private companies in board positions across a variety of commercial sectors.
This comes as the cosmetics brand released its results for the year ending 28 February, during which it saw its revenue increase year-on-year from £184.6m to £187.8m. The retailer’s gross profit also rose, up to £75.9m from £71m.