Business
Appointment of Chief Executive Officer
Appointment of Chief Executive Officer.
About this update from Domino's Pizza Group Plc
[{"type":"text","content":"\n\n13 July 2023 LEI: 213800Q6ZKHAOV48JL75\n \nThis announcement contains Inside Information\n \n \nDomino's Pizza Group Plc\nAppointment of Andrew Rennie as Chief Executive Officer\n \nDomino's Pizza Group Plc (\"DPG\" or \"the Group\") announces the appointment of Andrew Rennie as Chief Executive Officer (CEO). Andrew will join as a Director of DPG on 1 August 2023 and will assume the role of CEO with effect from 7 August 2023.\n \nAndrew has an extensive career in the Domino's global system, a deep knowledge of the brand, vast experience of working with franchisees, and was himself a very successful multi-unit franchisee for a decade.\n \nAndrew spent over two decades with Sydney-listed Domino's Pizza Enterprises (DPE), in roles including: CEO of France and Belgium from 2006 to 2010, COO and then CEO of its Australia and New Zealand business from 2010 to 2013, and CEO of its European business from 2014 to 2020, which includes the Master Franchise Agreements for France, Germany, Belgium and the Netherlands.\n \nWhile Andrew was at DPE the market capitalization of the company grew from AU$132million to AU$5.85 billion, representing an annualized return of approximately 30%. In the ten-year period when Andrew was in senior leadership roles at DPE, the company delivered an annualized return of 34%. During his tenure as CEO of Europe, revenue, EBITDA and store count increased 4.6x, 13.5x and 3.0x, respectively. \nAndrew is a non-executive director of AIM-listed Domino's Pizza Poland plc, and chair of The Cheesecake Shop, a 238-store business in Australia and New Zealand.\n \nElias Diaz Sese, who took over as Interim CEO in October 2022, will step down from thi...