The Board of Domino’s Pizza Group plc (LON: DOM) has announced that Stephen Hemsley has decided to step down from the Board with effect from the 29th December 2019.
Ian Bull, Senior Independent Director will step into the role of Interim Chairman until a permanent replacement is appointed.
The Board would like to place on record its appreciation of Stephen’s exceptional contribution to the development of Domino’s. Since joining in 1998, he has seen the Company through its IPO on AIM and has taken it from a market capitalisation of £25m to almost £1.5 billion today, and from nearly 100 UK stores to over 1,250 stores spanning the UK, Irish, and other International Markets.
Stephen Hemsley said:
‘It has been a privilege to play a part in the growth of Domino’s to the brand it has become today, working alongside our talented colleagues and franchisees. After 21 years in the business, now is the right time for me to step back and focus on other interests. Domino’s is well-positioned for future growth, and I wish it every success in the future.’
The search for a new Chairman is progressing, and will be followed by the appointment of a new CEO. Further announcements from Domino’s Pizza Group will be made in due course.