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Majestic chairman Phil Wrigley to step down and be succeeded by Greg Hodder

Majestic Wine chairman Phil Wrigley is to retire as the company’s chairman and step down from the board at its AGM in August.

FOOD & DRINK

Majestic chairman Phil Wrigley to step down and be succeeded by Greg Hodder

Majestic Wine chairman Phil Wrigley is to retire as the company’s chairman and step down from the board at its AGM in August.

In a statement Majestic said Greg Hodder, who was appointed non-executive director on 1 October 2015, has been appointed as chairman-designate before he formally takes over as chairman at the conclusion of the AGM.

Rowan Gormley, Majestic chief executive, said: "Phil has made a tremendous contribution to the future of Majestic, through his wisdom, decades of retailing experience and wicked sense of humour. He will be sorely missed. We wish him a very happy and well deserved retirement.

“Greg's extensive retailing and ecommerce experience, along with his first-hand knowledge of the wine market and the USA, our biggest growth market, make him the ideal person to take over from Phil at this stage of the transformation plan.”

Ian Harding, who was appointed non-executive director on 1 June 2013, has now been appointed senior independent director and will remain chair of the audit committee.

Majestic is now seeking to appoint an additional non-executive director to add further experience to the board.

Gormley added: “We are 18 months into our transformation and are moving out of the "test and learn phase" of the plan and into the "roll out" phase. This means we need to recognise directors with the skills that can support this next stage. We've got a strong mix of skills on our board which will support the Group as we move from a turnaround to a growth company."

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