Domino's Pizza Group PLC Directorate Change (6942A)
27 Settembre 2022 - 08:01AM
UK Regulatory
TIDMDOM
RNS Number : 6942A
Domino's Pizza Group PLC
27 September 2022
27 September 2022 LEI: 213800Q6ZKHAOV48JL75
This announcement contains Inside Information
DOMINO'S PIZZA GROUP PLC
DIRECTORATE CHANGE
Appointment of Elias Diaz Sese as Chief Executive Officer on an
interim basis
Domino's Pizza Group ("DPG" or "the Group") today announces that
Elias Diaz Sese, currently a non-executive director of DPG, will
become Chief Executive Officer ("CEO"), on an interim basis. This
change will be effective from 10(th) October 2022. Elias will work
closely with outgoing CEO Dominic Paul to facilitate a smooth
transition.
Elias, who is based in the UK, brings over 20 years' experience
in leadership roles in global consumer food brands and franchise
businesses. His career includes 15 years in various leadership
roles with Restaurant Brands International, including Chief
Executive Officer of Tim Hortons and President Asia Pacific for
Burger King. Most recently, as President Northern Europe, he led
the Kraft Heinz turnaround in the UK. He also has experience of
being a Franchisee with Burger King, Tim Hortons and Popeyes.
Elias has been a non-executive director of DPG since October
2019 so is already familiar with the direction of the Group, its
franchisees and its management team. Under his leadership, DPG will
continue to execute its successful strategy at pace, in partnership
with the Group's world-class franchisees.
Matt Shattock, Chairman, said:
"I am delighted that Elias has agreed to take up the role of CEO
on an interim basis. Elias is very familiar with our sector given
that he has held leadership roles in a number of major consumer
food brands and has experience of being a franchisee himself.
"Elias has a deep understanding of the Domino's business, has
built strong relationships with the management team and franchisees
and holds a significant personal shareholding in the Group. He is
committed and will focus on the continued effective and rapid
execution of Domino's strategy while giving the Board time to
ensure we find the right permanent CEO. Working alongside our new
CFO Edward Jamieson, Elias is uniquely positioned to step into this
role as we look to capitalise on the opportunities in today's
challenging market."
Elias Diaz Sese said:
"Domino's is a great business with a superb brand and
world-class franchisees. For the past three years I've worked
closely with the Board and management team to create the current
strategy, which I firmly believe is the right one to drive Domino's
future growth, and which I'm committed to executing at pace. I'm
really excited to get started and to work with our franchisees and
colleagues to continue to accelerate the delivery of the strategic
plan to deliver sustainable growth and returns."
Domino's will release its third quarter trading update on 10(th)
November 2022.
Edward Jamieson will join the DPG Board as Chief Financial
Officer on 17(th) October 2022.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 as it forms part of domestic
law of the United Kingdom by virtue of the European Union
(Withdrawal) Act 2018, as amended (together, "MAR").
The person responsible for making this notification is Adrian
Bushnell, Company Secretary.
Contacts
For Domino's Pizza Group plc:
Investor Relations
Will MacLaren, Head of Investor Relations +44 (0) 7443 192 118
Media:
Tim Danaher, Brunswick +44 (0) 207 404 5959
Remuneration Arrangements
-- As CEO of DPG, Elias will receive a salary of GBP765,000 per annum
-- He will be eligible to participate in the Company's existing annual bonus plan
-- He will receive an initial LTIP grant equal to 200% of salary
for the three-year performance period 2022-2024
-- All remuneration arrangements are consistent with the terms
of the Directors' Remuneration Policy approved by shareholders at
the AGM in May 2022
-- Further detail will be set out in the 2022 Directors' Remuneration Report
-- As at 27 September 2022, Elias owns 691,000 DPG ordinary shares
About Domino's Pizza Group
Domino's Pizza Group plc is the UK's leading pizza brand and a
major player in the Irish market. We hold the master franchise
agreement to own, operate and franchise Domino's stores in the UK
and the Republic of Ireland, and have associate investments in
Germany and Luxembourg.
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END
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