UK’s Domino’s Pizza Group CEO Departs

Domino's Pizza Group (LON: DOM) announced the immediate departure of CEO Andrew Rennie. The news, released this morning, reveals a mutual agreement for Rennie to step down, leaving investors to digest the implications for the pizza giant's future direction.

While an immediate successor has not been named, Chief Operations Officer Nicola Frampton will step in as Interim CEO and join the Board. The company has initiated a search for a permanent replacement.

Frampton's appointment provides a degree of stability during the transition. Her prior experience includes a Managing Director role at William Hill's UK Retail division, as well as her current position as an independent non-executive director of Frasers Group plc.

Ian Bull, Chair of Domino's Pizza Group, acknowledged Rennie's contributions, citing operational excellence and market share gains under his leadership. However, he emphasized the Board's belief in untapped growth opportunities within Domino's core business.

The focus now shifts to identifying a new CEO to drive disciplined execution of the company's strategy, alongside incoming CFO Andy Andrea, and the wider leadership team.

Frampton outlined key priorities for her interim tenure, including enhancing the supply chain, launching the CHICK'N'DIP product system-wide in 2026, and preparing for the rollout of the loyalty program in 2026. These initiatives aim to maintain momentum and strengthen the business during the leadership transition.

As previously announced, Andy Andrea will assume the role of Chief Financial Officer (CFO) on March 16, 2026. Richard Snow will continue to serve as Interim CFO until then. The company intends to review its capital allocation priorities following Andrea's arrival, postponing any second brand acquisition until the new CEO is in place.

The planned Capital Markets Day, scheduled for December 9, 2025, has been postponed indefinitely.

There is no change to Domino's previously announced FY25 outlook or profit guidance. This reassurance aims to mitigate investor concerns regarding the immediate financial impact of the leadership change.

The abrupt CEO departure introduces near-term volatility for Domino's stock. The market will closely monitor the search for a permanent replacement and any potential shifts in strategic direction. Investors should prepare for price swings as the story develops.

Andrew Rennie said: “I have been privileged to lead the DPG business over the last two years supported by a great team and world class Franchisees. We have collectively delivered strong market share growth through operational excellence, product innovation and a digital transformation. I wish the Domino's team all the best for the future.”