Domino’s CEO Don Meij has stepped down after 22 years at the helm of the Brisbane-based pizza business.
In a statement to the Australian Securities Exchange (ASX), the company, which is headquartered in the inner-city suburb of Hamilton, said Mr Meij would retire after almost 40 years with the group.
It said the Board had appointed Mark van Dyck to succeed Mr Meij, effective from November 6.
“After retiring, Mr Meij will work with the Board and Mark van Dyck for the next 12 months,” the statement read.
Mr Meij was CEO when Domino’s listed in 2005 with 387 stores and sales of $300 million.
The statement said today Domino’s operated 3700 stores, in 12 countries, with sales in excess of $4 billion.
Domino’s Chairman Jack Cowin said under Mr Meij’s leadership the organisation grew from a Brisbane-based company to a global business, being the market-leader in each of the markets the company had operated in for more than three years in Europe and the Asia-Pacific.
“Don has done an exceptional job of delivering positive outcomes for all our stakeholders, including franchise partners, shareholders and employees. He leaves an impressive legacy.”
Mr Meij said it had been an incredible honour to be part of the company for the past 37 years.
“Domino’s really has been my life. When I started as a delivery driver in Redcliffe, Queensland, I never imagined I’d become CEO of a truly global company with more than $4 billion in sales.
“While this decision was not easy, it’s the right time for me to step back and for new leadership to guide the next era of growth.”
The ASX statement said incoming CEO Mr van Dyck had served on the Executive Board of Compass Group, one of the world’s leading providers of food services with a market capitalisation of $79 billion and operations across 33 countries.
“As Regional Managing Director, Asia Pacific, Mr van Dyck oversaw 66,000 employees in 11 countries and was responsible for serving more than 400 million meals annually,” it stated.
