- Associated Press - Wednesday, January 15, 2014

AUGUSTA, Maine (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 (https://bit.ly/K1Fhbk ) 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.

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Information from: Portland Press Herald, https://www.pressherald.com

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