(Sharecast News) - Premier Inn owner Whitbread named Dominic Paul as its next chief executive officer on Wednesday, succeeding outgoing CEO Alison Brittain.
Whitbread stated Paul will join the group from Domino's Pizza in early January 2023 as a result of Brittain's decision to retire from full-time executive life at the end of the 2023 financial year.
The FTSE 100-listed firm highlighted that Paul was already "well known" to the company, having been a member of its executive committee and managing director of Costa Coffee for three years.
Chairman Adam Crozier said: "We are delighted to welcome back Dominic to the group as our new chief executive. Following an extensive search and thorough evaluation of high-quality candidates we are confident Dominic's great track record of growing and transforming consumer brands in the UK and internationally will help to lead Whitbread in the next stage of the Group's development."
Domino's said it had already initiated a process to identify a suitable successor.
As of 1100 BST, Whitbread shares were down 1.68% at 2,599.47p.
Reporting by Iain Gilbert at Sharecast.com
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