Domino’s shuts down reports European CEO may leave

Reports that global pizza chain Domino’s European CEO may be jumping shipping have been slammed by the company.

Domino’s Pizza Enterprises denied Andrew Rennie was considering a move to lead the brand’s master franchise for the UK and Ireland.

The UK’s Sky News reported that Rennie was a leading candidate to take over from David Wild as chief executive of London-listed Domino’s Pizza Group.

Not true, says Queensland-headquartered Domino’s Pizza Enterprises, Australia’s largest pizza chain, which also serves in France, Germany, Belgium, New Zealand, Japan and Belgium.

“There is no substance to that speculation and Andrew has confirmed he is committed to his current role,” Domino’s Pizza Enterprises said in a statement to the ASX.

The reports come just weeks after Domino’s European CEO Rennie fronted the network in Domino’s executive webcast.

Domino’s European CEO announced that the group’s acquisition of Domino’s Denmark had sparked new interest in the region, helping the brand to link with existing chains in France, Belgium and The Netherlands.

The additional conversion of a number of Hallo Pizza stores in Germany had also bolstered Domino’s network in the European region.

A target of 10 to 15 stores had be slated for the country over the next calendar year, with Rennie expected to lead the charge.

In a statement release on Monday, Domino’s European CEO Rennie reiterated his commitment to the European growth strategy.

“As a senior executive in this business, and a significant holder of DMP shares, I am invested in our future and look forward to delivering on the growth plans we have outlined to the market,” Rennie said in the statement.

At 1031 AEST on Friday, Domino’s shares were up 33 cents, or 0.86 per cent, to $38.69.

Source: AAP