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Senior Majestic Wine employees to earn a share of £7m after CEO gives up bonus

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Majestic Wines chief executive Rowan Gormley is set to share his personal £7 million bonus with the alcohol retailer’s senior employees.

Gormley said he did not accept the shares offered to him as part of a long-term incentive plan and instead the retailer’s 493 staff, from store manager level up, will have a chance to gain over £14,000 each if they achieve their targets.

Gormley said he believes Majestic is “doing the right thing for our people”.

“We're serious about aligning our people and our shareholders' interests,” he said.

“We are focused on investing in our people.'

 

Published on Wednesday 27 July by Elias Jahshan

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