Domino’s shares slide on CEO exit


Billionaire fast food magnate Jack Cowin has been appointed interim executive chairman effective immediately. — Bloomberg

SYDNEY: Shares of Domino’s Pizza Enterprises Ltd tumbled to their lowest since 2014 after the company said group chief executive officer (CEO) and managing director Mark van Dyck will step down after just one year in the role.

The stock fell as much as 19% in Sydney yesterday after the Brisbane, Australia-based company said Van Dyck will leave in December. Billionaire fast food magnate Jack Cowin has been appointed interim executive chairman effective immediately, according to an exchange statement.

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