"Andrew Rennie is leaving after just two years at the helm, and will be replaced on an interim basis by the company's chief operating officer, Nicola Frampton, while Domino's searches for a new leader. Rennie, who worked for Domino's for more than two decades, has sought to shift Britain's biggest pizza delivery company towards fried chicken, telling the Financial Times earlier this month there was not massive growth left in the UK's pizza market. He said chicken was the fastest-growing protein in the world."
"It is understood that there was friction between Rennie and the board over his focus and approach to the business, although the statement from Domino's said he was stepping down by mutual agreement. In September, Domino's launched its Chick 'N' Dip brand which Rennie described as a bold new chapter for the group and is trialling it in 210 outlets in the north-west of England and Northern Ireland."
"While the company is still going to roll it out across its nearly 1,400 branches next year as planned, it sees fried chicken as complementary to its core pizza business. Ian Bull, the Domino's chair, said: The board believes that there are a number of opportunities to drive further growth and value creation in Domino's core business. We are focused on identifying the right chief executive to lead the disciplined execution of that growth strategy."
Andrew Rennie is leaving Domino's Pizza Group after two years as chief executive and will be replaced on an interim basis by chief operating officer Nicola Frampton. Rennie pushed to shift the business toward fried chicken, launching Chick 'N' Dip and trialling it in 210 outlets in the north-west and Northern Ireland. The company plans a wider rollout across nearly 1,400 branches next year and views chicken as complementary to pizza. The board cited opportunities to drive growth in Domino's core business and is seeking a new permanent chief executive. Orders dipped 1.5% in Q3 and half-year profits fell 15%.
Read at www.theguardian.com
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