– UK, Watford – Majestic Wine plc (LSE:WINE), is pleased to announce that David Stead is joining the Board as an Independent Non-Executive Director from 1 November 2017. Upon his appointment David will be a member of the Company’s Audit, Nomination and Remuneration committees.
David is currently Non-Executive Director of Card Factory plc and Joules Group plc. He is also a member of the Council at the University of Birmingham.
David brings first-hand experience of being a CFO of a publicly listed retailer to the Board. David was Chief Financial Officer of Dunelm Group plc from September 2003 until his retirement in 2015. Prior to this, David was Finance Director for Boots The Chemists Ltd and Boots Healthcare International between 1991 and 2003. David is a chartered accountant, having spent the early part of his career with KPMG.
Greg Hodder, Chairman, commented: “We are very pleased to announce David’s appointment. He brings significant retail and financial expertise to the Board. I am confident his background and experience will fit well with our existing Directors skills and support the Group as we transform into a growth Company.”
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 2 in France. We help people find the wines they will love through over 1000 highly trained, specialist store team members. Reported sales for the year ended 3 April 2017 were £262.2m.
Naked Wines – Funds independent winemakers to make exclusive wines at preferential prices which we pass onto customers. Naked Wines currently has 159 winemakers in 16 countries and 363,000 Mature Angels (Customers). Reported sales for the full year ended 3 April 2017 were £144.3m.
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. Reported sales for the year ended 3 April 2017 were £46.6m.
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. Reported sales for the year ended 3 April 2017 were £12.3m.
For more information : http://www.majestic.co.uk
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