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Domino’s Pizza CEO Allison to retire, operations chief to take over -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: This is a Domino’s Pizza in Los Angeles California on July 18, 2018. REUTERS/Lucy Nicholson

(Reuters] Domino’s Pizza Inc stated Tuesday that Ritch Allison, Chief Executive Officer of Domino’s Pizza Inc would step down at April’s end and will be replaced by Russell Weiner as operating chief.

Allison was a company member for over a decade. She served as the CEO of Domino’s U.S. for four years and Weiner as the chief operating officer since July 2020.

Domino’s Pizza (NYSE 🙂 announced that Sandeep Reddy, the new chief financial officer, has been named effective April 1. Formerly, he was CFO at Six Flags Inc. (NYSE) as well as Guess Inc. (NYSE) Inc.

Domino’s also reported on Tuesday a surprising drop in its quarterly revenue due to supply chain disruptions that harmed the fast-food restaurant chain.

From $1.36 billion one year prior, revenue dropped to $1.34billion in the quarter that ended January 2, compared to $1.36billion last year. Analysts had expected $1.38billion according to IBES data by Refinitiv.

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