Patrick Doyle Out as Domino’s CEO
After eight years as Domino’s president and CEO, Patrick Doyle announced he is leaving the company on June 30 after several years of massive sales growth that brought the Michigan-based global pizza giant over the $10 billion mark in annual revenue.
At the same time, Domino’s board of directors announced the promotion of Richard Allison, 50, the company’s president of international, to the role of CEO, succeeding Doyle; and the promotion of Russell Weiner, 49, president of Domino's USA, to the newly-created role of COO and president of the Americas. Both appointments will be effective July 1, 2018.
Click HERE for a look at our recent Franchise Times cover story on Doyle and Domino's.
“One of the great honors and opportunities of my professional life was being named CEO of this incredible brand in early 2010,” Doyle said. “At that time, I set three goals for myself: I wanted us to become the No. 1 pizza company in the world; I wanted Domino's to provide our franchisees with the best possible return on their investment by creating a dramatically better experience for our customers; and I wanted to have a leadership team in place that would be ready to create even better results into the future. I'm proud to say that we've accomplished all of those goals, and I will leave Domino's knowing that it is in great hands."
The company’s Chairman of the Board David Brandon said, “Patrick excelled at every role he served at Domino's for more than 20 years and during the past eight, he distinguished himself as one of the best leaders in the restaurant industry. Under his leadership, the brand opened more than 5,500 stores, launched in more than a dozen new countries, and Domino's became one of the top-performing stocks of the decade. As important, though, is the fact that he developed an outstanding leadership team, which has allowed the board to select a successor from that team.”
Allison joined Domino's in March 2011 as executive vice president of international, joining the brand from Bain & Company, Inc., where he was partner and co-leader of Bain's restaurant practice.
“Under Ritch's leadership, Domino's international division grew by more than 4,500 stores in more than 85 markets in six years. Domino's international has achieved 95 consecutive quarters of same store sales growth and accounts for more than one-half of the company's global retail sales,” Brandon said. “The board is confident Ritch is well-prepared to lead the company to the next level. And he could not have a more talented and capable leader than Russell Weiner to assume the critical new role of COO of Domino's and president of the Americas.”
“I am honored and humbled by this opportunity, as well as the trust and faith the board of directors has in me to lead this incredible global brand,” Allison said. “Patrick Doyle inspired us with the vision to become the world's market share leader in pizza, and we've done that. Now, we're looking to continue accelerating our growth with the support of our tremendous franchisees, managers and team members the world over. We want to become the dominant player in pizza everywhere in the world. I can't wait to get started.”