- Push-out Score suggests push-out forces
- After around eight years in the position
- Accolades and praise for Doyle
- Ritch Allison taking over
- Doyle spoke at length and said 112 words
(exechange) — Ann Arbor, Michigan, January 9, 2018 — Patrick Doyle, chief executive of Domino’s Pizza, leaves. His departure is made public at an early stage. As announced by Domino’s Pizza, Inc. in a news release on Tuesday, January 9, 2018, J.Patrick Doyle, Chief Executive Officer, leaves the pizza restaurant chain after around eight years in the position, effective June 30, 2018.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who departed over the past twelve months was 9 years, according to data compiled by exechange.
Doyle’s duties will be taken over by Ritch Allison, currently President of International at Domino’s Pizza, Inc.
Doyle’s move is part of a management shake-up also involving the position of Chief Operating Officer.
No reason given
In the announcement, Domino’s Pizza did not explicitly explain the reason for Doyle’s move, opening the door for speculation.
Precise information about Doyle’s future plans was not immediately available.
Domino’s Pizza said: “President and Chief Executive Officer J. Patrick Doyle announced today his intention to depart Domino’s … on June 30 after more than eight years at the helm of what is now the world leader in pizza.”
Share price rise since December 2008
The change follows a rise in the share price of Domino’s Pizza, Inc. since December 2008.
Chaired by David Brandon
Domino’s Pizza, Inc. is chaired by David Brandon.
David Brandon is currently Chairman of the Board of Directors of Domino’s Pizza, a position he has held since 1999. From March 1999 to March 2010, he served as CEO of the company.
In the position of CEO since 2010
Patrick Doyle has been the Chief Executive Officer and President of Domino’s Pizza, Inc. since March 8, 2010.
J.Patrick Doyle has served as President and Chief Executive Officer of Domino’s Pizza, Inc. since March 2010 and as a Director since February 2010.
Doyle served as President, Domino’s USA from September 2007 to March 2010, Executive Vice President, Team USA from 2004 to 2007, Executive Vice President of International from May 1999 to October 2004 and as interim Executive Vice President of Build the Brand from December 2000 to July 2001.
Doyle served as Senior Vice President of Marketing from the time he joined Domino’s in 1997 until May 1999.
Prior to joining Domino’s, Doyle was Vice President and General Manager of Gerber Products Company’s U.S. baby food business.
During his six years with Gerber, Doyle also served as Vice President and General Manager of Gerber’s Canadian operations.
Prior to joining Gerber, he was European General Manager of Intervascular SA in LaCiotat, France, and spent five years at First Chicago Corporation as Corporate Finance Officer.
Doyle also serves on the Board of Directors of Best Buy Co., Inc. and previously served on the Board of Directors of G&K Services, Inc.
Push-out Score suggests push-out forces
It is not completely certain what forces eventually triggered Patrick Doyle’s move.
The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the change.
Read the full story in the exechange report 3.2018 ($).