Majestic Wine appoints John Walden to its Board as Non-Executive Director and Chairman-designate

– UK, Watford –  Majestic Wine PLC (LON: WINE) today announced that, due to an increase in other professional commitments, Greg Hodder will step down as Chairman at the conclusion of the AGM in August and will retire from the Board six months later after a period of transition.

Consequently, the Board announced the appointment of John C. Walden as Non-Executive Director and Chairman-designate. John has been at the forefront of multi-channel, consumer-driven retailing for more than 20 years, with a proven record of growth across a diverse range of organisations, from start-ups to listed companies. He has been successful in creating transformational results through strategic insight, engaging leadership and ability to combine entrepreneurialism with scale. John has specific expertise in digital and multi-channel consumer businesses and in leading reinvigoration, turnaround and organizational change in established enterprises across the US and UK markets.

The Board also announced the appointment of Nicholas Devlin to the Board as an Executive Director in the new position of Group Chief Operating Officer. Nick has been, and will remain, the President of our US Naked Wines division and is based in California. Nick has played a significant role in the development of our current business worldwide and has a wealth of experience in corporate strategy, specifically in analytical problem solving and customer segmentation.

Both appointments will take effect from today.

Ian Harding, Senior Independent Director, commented: “I am delighted to welcome John to our Board as Chairman Designate. Following an extensive external selection process, it was evident that John was uniquely qualified to become our next Chairman. His experience of UK plc corporate governance, digital and multi-channel consumer businesses and US markets will be an invaluable asset to the Board as we enter our new growth phase.

“I am also delighted to welcome Nick to the Board. The Group has ambitious growth plans and now is the time to strengthen the leadership team with this newly created COO role to help successfully deliver our full potential. It is a testament to the quality and depth of the people in our business that we have been able to make this an internal appointment.

“Lastly, on behalf of the Board, I would like to thank Greg for his dedication, guidance and oversight of the Group’s transition. He will be missed and I thank him for agreeing to stay an extra six months to ensure a smooth transition at this important time for the business.”

John C. Walden, Chairman Designate, commented: “I am delighted to be joining the team at this pivotal time and am looking forward to the opportunity to work together with them to deliver on the new strategy in a way that will benefit all concerned.”

For more information: https://www.majestic.co.uk

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