Bargain Booze is on the lookout for a new CEO following the decision by managing director Tim Stanley to step down.

Stanley has worked at Bargain Booze for 17 years and will take a non-executive role to support the company’s board.

Trading director Keith Webb has been appointed acting MD after four years with the company, during which he has led Bargain Booze’s diversification into convenience retail.

“Tim has been the driving force behind the company’s growth and development over many years. We’re delighted that he will be remaining with the company in a different role,” said chairman Roger Pedder.

“A recruitment process is underway to select a CEO for Bargain Booze. This is a new role we are creating for a candidate to focus on our future strategic development.”

The 670-strong franchise operation has also grown its board with a number of appointments from its senior management team.

Jason Minnery has joined as buying director, Adam Burnett has taken up the role of marketing director, Rebecca Mallon has been promoted to trading FD and Sarah Grandison to HR director.

Group finance and IT director Peter Hodgson, commercial director Mark Crabtree and logistics director Peter Dockerty continue in their current roles.

Bargain Booze’s private equity owner ECI Partners decided to “retain ownership” of the company in April following a strategic review by KPMG.

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