Last checked at 29 Jun 2022 10:15
29 June 2022
LEI: 213800Q6ZKHAOV48JL75
This announcement contains Inside Information
DOMINO'S PIZZA GROUP PLC
DIRECTORATE CHANGE
Domino's Pizza Group plc ("Domino's" or "the Group") announces that Dominic Paul, Chief Executive Officer ("CEO"), has informed the Board of his decision to leave the company to take up the role of CEO of Whitbread PLC.
Since joining the Domino's board in May 2020, Dominic has overseen a resolution of the longstanding dispute with franchisees and navigated the challenges of the Covid-19 pandemic. He has built a strong leadership team, delivered a robust financial performance and put in place a clear strategy for future growth.
He will work his six months' contractual notice and leave in December 2022. The Board is now initiating a process to identify his successor and will provide an update in due course.
Domino's will report its interim results on 2 August 2022 and we continue to expect FY22 underlying EBITDA and EPS to be in line with current market expectations.
Matt Shattock, Chairman, said:
'Dominic has been an outstanding CEO of Domino's, and overseen the transformational resolution with our world-class franchisees which has given the business a strong platform for future growth. He leaves with our thanks for his contribution to the company over the past two years. The business has a clear strategy and an excellent team, and I'm confident that with our franchisee partners, we can execute on that strategy and deliver great value, great service and great pizza to our customers in these uncertain times.'
Dominic Paul, CEO, said:
'It has been a privilege to be CEO of Domino's, a company with a powerful brand, brilliant team and superb franchisees. Returning to Whitbread as CEO is the only job I would have left for at this stage, and in the meantime, I'm looking forward to working closely with everyone at Domino's over the next six months to ensure a smooth transition. I'd like to thank Matt, the Board and all Domino's franchisees and colleagues for the incredible support they have given me, and wish the business every success for the future.'
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 as it forms part of domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018, as amended (together, "MAR").
The person responsible for making this notification is Adrian Bushnell, Company Secretary
Contacts
For Domino's Pizza Group plc:Investor Relations
Will MacLaren, Head of Investor Relations +44 (0) 7443 192 118
Media:
Tim Danaher, Samantha Chiene - Brunswick +44 (0) 207 404 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 and the Republic of Ireland, and have associate investments in Germany and Luxembourg.