Domino’s Pizza Enterprises Ltd said Group Chief Executive Officer and Managing Director Mark van Dyck has informed the board of his intention to step down, ending a tenure of about one year at the helm of the Australia-based franchise operator. Chairman Jack Cowin will assume the duties of interim executive chair while the board searches for a permanent successor, the company said. Separately, Domino’s named George Saoud to take over as group chief financial officer in September. The leadership shake-up sent Domino’s shares tumbling, with the stock sliding to its lowest level since 2014 in Sydney trading.
Sources
Bloomberg
Shares of Domino’s Pizza tumbled to their lowest since 2014 after the company said Group CEO and Managing Director Mark van Dyck will step down after just one year in the role https://t.co/69TdzhhR9P
Markets News Domino's Pizza Enterprises Ltd Group CEO and Managing Director Mark Van Dyck has informed the board of his intention to step down.
First Squawk DOMINO'S PIZZA ENTERPRISES LTD - GEORGE SAOUD TO COMMENCE AS GROUP CFO FROM SEPTEMBER