UK-based pizza delivery firm Domino's Pizza Group Plc. (DOM.L) Friday said it will appoint David Wild, currently senior non-executive director of the firm, as interim chief executive with immediate effect.
According to the company, Wild will be acting in an executive capacity for a temporary period until two months after a new chief executive is appointed.
The firm stated that the current CEO, Lance Batchelor, will work alongside Wild to effect a handover until March 16, when he will leave the company. Stephen Hemsley, non-executive chairman, will also work with David Wild during the interim period until the appointment of a new chief executive.
Further, the company said Michael Shallow will be reappointed as senior independent director with immediate effect, as Wild will be serving the company in the temporary executive role.
In addition, Domino's Pizza noted that Wild will temporarily relinquish his role as Chairman of the Remuneration Committee and John Hodson will reassume the role of Chair of Remuneration Committee until further notice.
The firm confirmed the appointment of Ebbe Jacobsen as a non-executive Director with immediate effect.
Earlier last month, Domino's Pizza announced that Batchelor has resigned from the position, as he has been offered a new role in a private equity backed company. At that time, Hemsley had said the company has begun the process to find a replacement for Batchelor.
Domino's Pizza is scheduled to announce its preliminary results for full-year 2013 on February 27.
DOM.L is currently trading at 536.9 pence, up 22.9 pence or 4.46 percent, on a volume of 223,128 shares on the LSE.
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org