Domino's Pizza Enterprises (DPE), the Australian master franchisee for Domino's Pizza, announced that its CEO and Managing Director, Mark van Dyck, will step down before Christmas 2025. This departure comes after just one year in the role, during which the company struggled with sales in the post-COVID era.
Following the announcement, DPE's shares plummeted approximately 16% in Sydney, reaching their lowest point in over 11 years. Van Dyck had initiated cost-saving measures and closed low-volume stores in an effort to turn around the company's performance.
Jack Cowin will serve as interim executive chair for DPE. The leadership change and continued sales challenges at this major international franchisee highlight ongoing pressures within Domino's global network, which can impact Domino's Pizza Inc.'s overall international performance and royalty revenues.
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