Steve Lewis Majestic CEO steps down

Steve Lewis the CEO of Majestic has stepped down from his role with immediate effect, after 29 years with the business. The board has appointed Nigel Alldritt the finance director as interim CEP until a permanent replacement is found.

His departure follows a challenging Christmas trading period which saw the UK wine merchant’s margins take a hit over Christmas.

Phil Wrigley, Majestic Wine chairman said: “Steve has made a huge contribution to Majestic Wine during his time with the business. By combining his significant leadership and retailing skills with his determination, dedication and sheer hard work he successfully rose through the ranks from graduate trainee manager in our Clapham store to Chief Executive. He took the helm in 2008 in the midst of the credit crunch and subsequent recession and successfully steered the business through very difficult times. He leaves the business today in good shape, with sales up 41% and profit up 42% during his time as chief executive, and with the business well positioned for the next phase of its development.”