Enotria&Coe chief executive Julian Momen is to step down and retire later this year, following the specialist wine and spirits distributors’ acquisition by Majestic earlier this year.
Momen will continue in his role until 30 September, at which point he will be replaced by John Colley, executive chairman of Majestic Wine Group and CEO of Majestic, on an interim basis.
Colley’s appointment would “provide stability for Enotria&Coe’s teams, whilst enabling the group to undertake a thorough search for a permanent successor”, said Majestic.
During this period, Majestic’s chief operating officer Elizabeth Newman will also take on a broader remit as interim managing director of Majestic Retail.
Momen joined Enotria&Coe as COO in August 2023, after stints with Diageo and Carlsberg. He was promoted to CEO in October of the same year.
As CEO he “maintained and rebuilt the crucial relationships the business has with its suppliers, and played a key role in its acquisition by Majestic”, the wine retailer said.
“It has been an honour and a privilege to serve as the CEO of Enotria&Coe for the past two years,” said Momen. “This is an incredible business with a brilliant team, an unparalleled network of world-class agency partners and a premium customer base – all of which are the envy of wine and spirits distributors across the UK.
“I am delighted that we have found a new home as part of the Majestic Wine Group and, whilst I am super excited about what the future holds for Enotria&Coe, now is the right time for me to hand over the reins to a new CEO to drive the next phase of our growth plan.”
Colley added: “It has been a pleasure to work so closely with Julian throughout the last few months and I know he is as excited as I am about the growth opportunities Enotria&Coe has as part of the Majestic Wine Group.
“Whilst I am disappointed that Julian will not be with us to deliver on some of those opportunities, I fully respect his decision to hand over the reins to a new CEO to lead Enotria&Coe through this new phase in its history.”
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