Clark out, Lake in as Revolution Beauty finance chief

Revolution Beauty Group announced the appointment of Elizabeth Lake as its new chief financial officer on Thursday, replacing Andrew Clark, who was announcing his intention to step down.

The AIM-traded firm described Lake as an “accomplished executive” with more than 25 years of financial and commercial experience.

She was joining the company from its AIM colleague Everyman Media Group, where she had been CFO since 2019, leading it through the Covid-19 pandemic.

Prior to Everyman, she was CFO at another AIM firm Science in Sport, and before that was finance director at Hugo Boss for the UK and Ireland.

Revolution said Lake would bring “extensive” UK public company experience, having also worked in finance roles at Marks and Spencer, Pearson and Thomson Reuters.

Lake is ACA qualified, having trained at Coopers and Lybrand, now known as PwC.

“Elizabeth is a highly experienced executive, and we are delighted to welcome her to team Revolution as our new CFO,” said group chief executive officer Adam Minto.

“She has worked across some of the UK's top consumer and retail brands, and brings a deep understanding of the wider industry, as well as a strong track record leading the finance function at UK plcs.

“I would like to thank Andrew for his fantastic contribution to Revolution Beauty over the last three years, including successfully navigating us through our initial public offering last year.”

Revolution said that to ensure a smooth transition, Clark would remain with the company until the end of July.

Incoming finance chief Elizabeth Lake described Revolution Beauty as a “fantastic” business.

“Team Revolution has delivered impressive growth and a clear strategy to further expand the business.

“Following recent acquisitions, and within a burgeoning global mass beauty market, Revolution Beauty's opportunity is bigger than ever, and I look forward to working with Adam and the team to continue to drive the business' growth.”

At 1108 BST, shares in Revolution Beauty Group were up 1.34% at 113.5p.

Reporting by Josh White at Sharecast.com.