Domino’s CEO to step down in June

LOS ANGELES: Domino’s Pizza Inc said on Tuesday its chief executive, Patrick Doyle, will leave the biggest US pizza delivery chain in June and would be replaced by Richard Allison, currently president of its international business.
In after-market trading, shares in Domino’s fell 2.8 per cent to $201 following news of the pending departure of Doyle, who has been CEO since early 2010. He presided over a turnaround that improved the taste of the company’s namesake product, invested in online ordering and promotions, and fuelled explosive share gains.
Doyle in said he had accomplished several goals, including making the company No 1 in its category, but did not elaborate on his plans. — Reuters