Richard Allison to Replace Domino’s CEO Patrick Doyle
After eight years at the helm, Domino’s chief executive officer, president and board member, Patrick Doyle, announced on Tuesday that he will leave the firm on June 30. Domino’s international president, Richard Allison, will take over as the new CEO on July 1.
In a related move, Russell Weiner, who is currently the president of Domino’s USA, will be promoted to the newly-created role of chief operating officer of Domino’s and president of the Americas on July 1. Weiner joined Domino’s as chief marketing officer in 2008.
Chairman of the board David Brandon lauded Doyle for succeeding at every Domino's role that he served for more than 20 years. “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,” said the chairman of the firm that oversees 14,400 stores in over 85 international markets. Over 97 percent of the stores are franchised. “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."
Doyle said that when he joined the firm in 2010, he set three goals. “I wanted us to become the #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,” said Doyle. “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 incoming CEO currently oversees more than 9,000 restaurants outside the United States. Allison joined Domino’s in March 2011 as executive vice president of international from his former consulting firm Bain & Company, Inc, where he was partner and co-leader of Bain’s restaurant consulting arm.
“We want to become the dominant player in pizza everywhere in the world,” said Domino’s soon-to-be CEO. “I can't wait to get started."