Domino’s Pizza president and CEO Patrick Doyle will step down on June 30, the company said Tuesday, after eight years leading the operator in what’s widely regarded as a groundbreaking turnaround for the pizza chain.
Richard Allison, president of Domino’s International, will take over as CEO. Russell Weiner, president of Domino’s USA, will be promoted to the newly created position of chief operating officer and president of the Americas. The appointments are effective July 1.
“One of the great honors and opportunities of my professional life was being named CEO of this incredible brand in early 2010,” Doyle said in a statement. “At the time, I set three goals for myself: I wanted us to become the No. 1 pizza company in the world; I wanted Domino’s to provide our franchisees with the best possible return on their investment by creating a dramatically better experience for our customers; and I wanted to have a leadership team in place that would be ready to create even better results into the future. I’m proud to say that we’ve accomplished all of those goals, and I will leave Domino’s knowing that it is in great hands.”
David Brandon, chairman of the board of Ann Arbor, Mich.-based Domino’s, praised Doyle’s career at the chain.
“Patrick excelled at every role he served at Domino's for more than 20 years, and during the past eight he distinguished himself as one of the best leaders in the restaurant industry,” Brandon said in a statement. “Under his leadership, the brand opened more than 5,500 stores, launched in more than a dozen new countries, and Domino's became one of the top-performing stocks of the decade. As important, though, is the fact that he developed an outstanding leadership team, which has allowed the board to select a successor from that team.”
Domino's has more than 14,400 units in over 85 international markets.
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