Bargain Booze is on the hunt for a new chief executive following the decision by MD Tim Stanley to stand down.

Trading director Keith Webb has been appointed acting managing director. Stanley will take up a non-executive role after 17 years at the company.

“Tim has been the driving force behind the company’s growth and development over many years,” said chairman Roger Pedder.

“We’re delighted that he will be remaining with the company in a different role following his decision to step down from his current position to pursue other interests outside of the company.

“A recruitment process is underway to select a chief executive for Bargain Booze. This is a new role that we are creating for a candidate to focus on our future strategic development as the company continues to grow and seek new opportunities.”

The 670-strong franchise chain of off-licenses and convenience stores has promoted a number of senior managers to its board. Jason Minnery has become buying director, Adam Burnett marketing director, Rebecca Mallon trading finance director and Sarah Grandison human resources director.