Domino’s Pizza Group (LON: DOM) has announced the appointment of Usman Nabi to the Board as Non-Executive Director and a member of the Nomination Committee, with effect from the 11th November 2019. Usman will work alongside Ian Bull, the Company’s Senior Independent Director, in seeking to recruit a new Chairman, a process that will be overseen by the Nomination Committee.
Usman is the Founder, Managing Partner and Chief Investment Officer of Browning West LP, a Los Angeles-based investment partnership and 6.5% shareholder of the Company. Prior to founding Browning West, Usman held various roles at H Partners Management, Perry Capital, The Carlyle Group, and Lazard Freres. He is currently a Director on the Board of Six Flags Entertainment Corp., the largest regional theme park operator in the world, a position he has held since May 2010. Previously, Usman was a Director on the Board of Tempur Sealy International, Inc., the world’s largest bedding products company, a position he held from May 2015 to May 2018.
Domino’s is actively looking to strengthen its Board to ensure it has the best skills, experience and capabilities, as well as complying with best practice corporate governance. Having considered Usman’s track record of attracting and recruiting talent to companies, and following discussions with other shareholders, the Board believes that he is a strong addition to the Board.
As previously announced, the Domino’s Pizza Group Board is focused on attracting and recruiting a new Chairman and a new CEO. In order to optimise this process, the Board has decided to prioritise the appointment of a new Chairman, which will be followed by the appointment of a new CEO.