(Sharecast News) - Online fashion retailer Boohoo, which holds a significant stake of approximately 26.6% in Revolution Beauty Group, updated the market on its proposed board appointments to Revolution on Friday.
The company said that alongside the proposed appointments of Alistair McGeorge and Neil Catto to the board, it wanted to include Rachel Horsefield in the future independent board appointment process.
Horsefield, formerly the CEO of beauty at THG, would brings "extensive" experience and expertise in the beauty sector.
Boohoo said the primary objective of the board appointments was to assemble a senior leadership team equipped with the necessary retail, e-commerce, and consumer brands experience.
"Rachel will bring significant e-commerce and beauty sector experience to the reconstituted board," the Boohoo board said in its statement.
"Whilst at THG she held a variety of roles including CEO of beauty, head of e-commerce and managing director of the prestige beauty division, as well as being a board director from 2018 to 2020.
"Prior to THG, Rachel was at Boots where she held a variety of roles within e-commerce."
At 0906 BST, shares in Boohoo Group were up 1.32% at 34.61p.
Reporting by Josh White for Sharecast.com.
Boohoo (BOO)