logo
Share SHARE
FONT-SIZE Plus   Neg

Domino's Pizza Names David Wild Interim Chief Executive

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: editorial@rttnews.com

Business News

Editors Pick
Anglo-Dutch oil giant Royal Dutch Shell plans to cut 2,200 more jobs, as the company continues to face lower oil prices, media reported Wednesday citing an emailed statement. The latest round of cuts would bring the total job cuts this year to at least 5,000 globally. In the U.K. and Ireland, the company plans to reduce staff working in exploration and production by 475. Tiffany & Co. (TIF) reported first-quarter net earnings of $87 million, or $0.69 per share compared to $105 million, or $0.81 per share, in the prior year. The company noted that its first-quarter results included a tax benefit of $0.05 per share related to the settlement of a tax examination. On average,... Shares of Marks & Spencer Group plc were losing around 8 percent in the early morning trading in London, after the retailer reported lower profit in its fiscal 2016, hurt mainly by weak results at clothing & Home segment and lower UK LFL sales. Looking ahead, the company warned about profit, and said it sees a similar sales trend in fiscal 2017.
comments powered by Disqus
Follow RTT