Last checked at 31 Mar 2020 07:04
LEI: 213800Q6ZKHAOV48JL75
31 March 2020
Domino's Pizza Group Plc
Appointment of Dominic Paul as Chief Executive Officer
Domino's Pizza Group Plc ("Domino's" or "the Group") today announces the appointment of Dominic Paul as Chief Executive Officer (Designate) with effect from 6 April 2020. Dominic will join the Board as Chief Executive Officer on 1 May 2020.
Dominic is a highly experienced leader in the consumer sector, and most recently served as Chief Executive Officer and Managing Director of Costa Coffee. He led the Costa brand from 2016 to 2019, overseeing its growth ahead of the £3.9bn sale of the business by Whitbread to Coca-Cola last year. Dominic strengthened Costa's position in the UK where it is a clear market leader, grew new segments such as Drive Thru and Costa Express, accelerated its digital development and restructured and grew the international business.
Prior to this, Dominic was Senior Vice President of International with Royal Caribbean Cruise Line where he led the business through a period of strong growth. His extensive experience in the travel and leisure industry also includes senior roles at Easyjet, British Midland and British Airways.
Dominic has highly relevant experience, which has included building high-performance teams who can collaborate with franchisees to drive high levels of customer satisfaction and achieve outstanding results for shareholders.
Dominic will replace David Wild who has previously announced his intention to retire from the business. David will retire from the Board on 1 May 2020.
Matt Shattock, Chairman, said: "We are delighted to have attracted a CEO of Dominic's calibre, and I'm very much looking forward to working with him. He is a high energy leader with great experience of driving powerful consumer brands to new heights, and of partnering with franchisees. These are the skills which will be vital as we seek to take this business to the next level.
"I'd also like to thank David for his contribution to Domino's over the last seven years and for his commitment to the business during this period of leadership transition. We wish him well for the future."
Dominic Paul said: "I am hugely excited to be joining Domino's. It is a much-loved brand with great people and some of the best franchisees in the world, and there is a strong foundation to build on. I am confident that we can take the business to the next stage of its development, and build a long term and profitable future for our franchisees, colleagues, customers and shareholders."
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulations (EU) No. 596/2014 ("MAR") and is disclosed in accordance with Domino's obligations under Article 17 of MAR.
The person responsible for making this notification is Adrian Bushnell, Company Secretary.
No further information is required to be disclosed pursuant to Listing Rule 9.6.13R in respect of Mr Paul's appointment.
For further information, please contact:
Domino's Pizza Group plc:
Bethany Barnes, Head of Investor Relations07387 015695
Brunswick:Tim Danaher, Samantha Chiene
020 7404 5959
About Domino's Pizza Group
Domino's Pizza Group plc is the UK's leading pizza brand and a major player in the Irish market. We hold the master franchise agreement to own, operate and franchise Domino's stores in the UK, the Republic of Ireland, Switzerland and Liechtenstein. In addition, we have a controlling stake in the holders of the Domino's master franchise agreements in Iceland, Norway and Sweden, as well as associate investments in Germany and Luxembourg.