Stanley’s departure comes two months after fellow managing director Matthew Hughes left Bargain Booze as owner ECI Partners called off its search for a buyer for the franchise chain.
Stanley spent 17 years at Bargain Booze and will continue to support the company’s board of directors from his non-executive role.
Trading director Keith Webb has been appointed acting managing director.
Meanwhile, Jason Minnery joins the board as buying director, Adam Burnett takes up the role of marketing director, Rebecca Mallon is promoted to trading finance director and Sarah Grandison is appointed to the board as human resources director.
Bargain Booze chairman Roger Pedder said: “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 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.”