Former Majestic Wine boss Steve Lewis took home close to £1m during his final year at the retailer, including a £416,000 payoff.
Lewis, who stepped down in February following 29 years at Majestic Wine, six of which he spent as chief executive, was paid a total of £908,000 for the financial year ending March 30, according to the retailer’s financial report.
In addition to his basic salary of £364,000 and the compensation payoff, Lewis was also paid £55,000 in benefits and £73,000 in company pension contributions, the documents published today revealed.
At the time of his departure, Lewis said it was “the right time to hand over to a new leader”.
Gormley said Majestic had “clearly lost momentum” after its pre-tax-profits dropped 22.5% to £18.4m for the year.
But he has vowed to turn the retailer around and told Retail Week last month that “the only way is up” for the business.