AUGUSTA (AP) — The chief of the Maine Bureau of Alcoholic Beverages and Lottery Operations who just helped negotiate a new 10-year liquor distribution contract for the state says he is stepping down.

Gerry Reid confirmed to the Portland Press Herald ( ) on Tuesday that he is resigning, but he did not elaborate other than to say “it’s for a good reason.”

He said he would release more information Wednesday.

His resignation follows the recent 10-year deal between the state and Pine State Trading for the state’s liquor business.

Terms of the deal with Pine Street were undisclosed but the deal is expected to generate $450 million in revenue.

Reid became the liquor and lottery chief in February 2012. He previously oversaw product development for tequila maker, Jose Cuervo International.

Comments are no longer available on this story

filed under: