Two more members have resigned from Revolution Beauty’s board of directors – the latest in a series of people abandoning ship.
Gita Samani and Edward Rumsey have both resigned as Non-Executive Directors with immediate effect.
The fast beauty retailer did not provide a reason for the duo’s departure.
Samani, Executive Vice President of Growth Strategy at Astound Commerce, has served on Revolution Beauty’s board since June 2021.
Rumsey, Managing Partner at Permian Global and Special Advisor at World Bank Group, has held his position with Revolution Beauty since July 2021.
The company said it will start the process of appointing new Non-Executive board members in due course.
Cosmetics Business has reached out to Revolution Beauty for comment.
What is going on at Revolution Beauty?
This news comes after CEO Adam Minto revealed he was stepping down with immediate effect amid the company’s ongoing accounting probe.
Minto resigned on 9 November, after stepping away from his responsibilities a month earlier.
He has been replaced by Bob Holt, who was serving as Interim Chief Operating Officer during the changes.
The British skin care and make-up brand halted its share trading on 1 September after it missed releasing final results for the year ended 28 February.
The company said its failure to release FY2022 results was due to accounting issues.
This prompted the group’s auditor BDO to order a probe in August.
The independent investigation into the accounting failures is ongoing.
Revolution Beauty was founded in 2014 and sells hair, skin care and make-up products.
Boohoo recently doubled its strategic investment in the company, making it the cosmetics group's biggest shareholder.