Majestic Wine PLC Management Change (1228C)
April 11 2017 - 2:00AM
UK Regulatory
TIDMWINE
RNS Number : 1228C
Majestic Wine PLC
11 April 2017
For Immediate Release 11 April 2017
Majestic Wine PLC
("Majestic")
Management Change
The Board of Majestic Wine announces that John Colley, Managing
Director of Majestic Retail has decided to step down in order to
take a new role closer to his young children in the South of
England. His last day will be 31 May 2017.
John has played a key part in the first phase of the
transformation of Majestic Retail. He has professionalised the
business and built much better processes that go with that task.
Building on the solid platform John has laid, Rowan Gormley, Group
CEO, will add the role of MD of Majestic Retail to his other Group
responsibilities.
John has built a talented and diverse Retail and Commercial
Board with many years of experience. This team will carry on
running the day to day business, reporting directly to Rowan. No
other management changes will need to be made and the Naked Wines
and Lay & Wheeler businesses will continue to also report
directly to Rowan.
Rowan Gormley, Chief Executive, commented:
"John leaves with our best wishes, and our heartfelt thanks for
the hard work, dedication and expertise he has given us.
For the first time in many years Majestic is organically growing
sales and our job is now to accelerate that by building our
customer base through loyalty. This is exactly what gets me excited
and what I love doing so it's a perfect time for me to get more
involved.
Congratulations John. Thank you for getting Majestic back on its
feet and the very best of luck in your new role."
For further information, please contact:
Majestic Wine PLC Tel: 01923 298 200
Rowan Gormley, Chief Executive Tel: 07891 206239
Officer gabby.clinkard@majestic.co.uk
James Crawford, Chief Financial
Officer
Gabriella Clinkard, Public & Investor
Relations
Investec (NOMAD & Joint Broker) Tel: 0207 597 5970
Garry Levin / David Flin / David
Anderson/Carlton Nelson
Liberum (Joint Broker) Tel: 020 3100 2222
Peter Tracey / Anna Hartropp /
Richard Bootle
Instinctif Partners (PR Agency) Tel: 0207 457 2020
Damian Reece
About Majestic Wine PLC:
Majestic Wine PLC is a leading wine specialist, operating in
four separate divisions, each with the fundamental goal of
delivering sustained growth in shareholder value by doing the right
thing for the Group's customers, suppliers and people:
--Majestic Retail - The UK's largest specialist wine retailer,
with 210 branches in the UK and two in France. We help people find
the wines they will love through over 900 highly trained,
specialist store team members. Sales for the year ended 28 March
2016 were GBP244.0m.
--Naked Wines - Funds independent winemakers to make exclusive
wines at preferential prices which we pass onto our customers.
Naked Wines currently has 159 winemakers in 16 countries and
320,000 Mature Angels (Customers). Sales for the full year ended 28
March 2016 were GBP104.3m (GBP102.5m of this was post
acquisition).
--Majestic Commercial - A specialist on-trade supplier who aims
to support businesses to make their wine lists more profitable,
with the unique advantage of running their supply chain through
Majestic Retail stores. Sales for the year ended 28 March 2016 were
GBP45.6m.
--Lay and Wheeler - A specialist fine wine merchant. Lay &
Wheeler aims to be a trusted guide for people who love fine wine,
supplying the world's finest wines with a personal service. Sales
for the year ended 28 March 2016 were GBP10.0m.
This information is provided by RNS
The company news service from the London Stock Exchange
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