Steve Magnall is to step down as chief executive of Suffolk-based St Peter’s Brewery after three years in the role.

Magnall is leaving to join wife Rebecca as director of the family’s bakery business, The Two Magpies in Southwold.

The former Greene King executive was instrumental in launching zero-alcohol brand Without, which he recently said had “turned the company around”.

In 2016, St Peter’s made a loss of £202,000, in 2017, a loss of £46,000 and in 2018 a profit of £40,000.

Maganll said that with 11% year-on-year sales growth and the business back on track, it was the right time to hand over the reins.

He told the East Anglian Daily Times: “For me, moving on, it’s now time for someone else to come on board and either put some money into the business or become a bit more innovative in getting the funding.”