Revolution Magnificence’s Chairman and CEO step down

THE WHAT? The Government Chairman and Chief Government Officer of Revolution Magnificence have introduced that they are going to be stepping down from their roles briefly whereas the corporate is independently audited, in response to a report printed by Reuters.

THE DETAILS Tom Allsworth and Adam Minto will stay on the Board however is not going to interact in day-to-day administration of the group whereas the probe is carried out. Bob Holt has been named as Interim Chief Working Officer.

THE WHY? Buying and selling in Revolution Magnificence’s inventory was suspended on September 1, 2022 after the corporate did not printed its audited outcomes for the monetary yr ended February 28, 2022 because of ‘accounting points’.