DIRECTORATE CHANGE AND CHANGE OF NON EXECUTIVE DIRECTOR ROLES Domino's Pizza Group plc ("Domino's" or the "Company") today announces that David Wild, currently the Senior Non-Executive Director of the Company, will be appointed as Interim Chief Executive with immediate effect, acting in an Executive capacity for a temporary period until two months after a new Chief Executive is appointed. Lance Batchelor, the current CEO, will work alongside David to effect a handover until 16 March 2014 when he will leave Domino's. Stephen Hemsley, Non-Executive Chairman, will work with David, dedicating additional time as necessary during the interim period until a new Chief Executive is appointed to support to the business. In recognition of the temporary Executive role for David, Michael Shallow will be reappointed the Senior Independent Director with immediate effect. In addition, for the same reason, David will temporarily relinquish his role as Chairman of the Remuneration Committee and John Hodson will reassume the role of Chair of Remuneration Committee until further notice. The Board are also delighted to confirm the appointment of Ebbe Jacobsen as a Non-Executive Director with immediate effect. Ebbe is a Danish national living in Belgium who has wide experience of operating in Germany and other European countries, most recently with Delsey. He has been in retail all his life and has pan-EU retail knowledge with significant experience in franchising, multi-site and single brand retail. He pioneered the introduction of US fast food, Burger King, into the Nordics in 1975 and held the position of Director and Operating Partner when the franchise was sold in 1985. Other significant retail experience includes having been CEO of IKEA in Germany, CEO of Delsey and as CEO of Habitat. In accordance with L.R. 9.6.15, the Company confirms that no further information is required to be disclosed in respect of Ebbe Jacobsen pursuant to L.R. 9.6.13. Given the changes to the Board and in recognition of a diary clash, the preliminary results for 2013 will now be announced on Thursday 27 February 2014. The Company's Annual General Meeting will be held on Wednesday 2nd April 2014. Stephen Hemsley, Non Executive Chairman, commented: "I am delighted that David has agreed to step in as Interim Chief Executive whilst we continue our search for a permanent replacement. Since joining as a Non-Exec in November, he has quickly got to grips with the business and I look forward to working with him over the coming months as we continue to progress the Group's exciting growth plans." |