Leadership Shakeup at Domino’s: What Risks Does CEO Transition Pose?

Leadership Transition at Domino’s

Domino’s Pizza Enterprises Limited (ASX – DMP) has announced a significant leadership change with CEO Mark Dyck set to step down on December 23, 2025. The Board has initiated a global search for a new CEO to steer the company through its next phase of growth. In the interim, Jack Cowin, the company’s Chairman and Managing Director of the CFAL Group, will assume the role of Executive Chairman to ensure continuity and stability during this critical period.

Dyck, who has been instrumental in resetting Domino’s core market strategies, will continue to serve as a director until the end of the year to support management and facilitate a smooth handover. His tenure saw a focus on operational excellence, closing underperforming stores, and improving franchisee profitability across key markets including Australia, New Zealand, Europe, and Japan.

Strategic Focus and Operational Reset

Under Dyck’s leadership, Domino’s undertook a comprehensive transformation, restructuring leadership roles and enhancing accountability. This included appointing new chief officers across finance, marketing, and operations, as well as implementing turnaround plans in challenging markets such as Japan. The company remains committed to strengthening operational execution, improving cost efficiency, and enhancing leadership capabilities across its markets.

Jack Cowin brings decades of experience in the quick-service restaurant sector, having founded Hungry Jack’s and played a pivotal role in Domino’s expansion into Europe and Asia. His appointment as interim Executive Chair signals a steady hand at the helm, leveraging his deep industry knowledge to support Domino’s through this transition.

Strengthening the Leadership Team

In addition to the CEO transition, Domino’s has bolstered its leadership team with the appointment of George Saoud as Group Chief Financial Officer, effective July 2, 2025. Saoud will oversee financial performance, capital allocation, and reporting for the 2026 financial year. Furthermore, Phil Reed has been appointed to a senior management role in Europe, bringing extensive experience from his previous leadership positions at Pizza Hut, McDonald’s, and Burger King.

These leadership enhancements underscore Domino’s commitment to maintaining momentum and executing its strategic priorities during a period of change. The company’s focus remains on delivering franchisee profitability, operational simplicity, and sustained growth.

Looking Ahead

As Domino’s embarks on this leadership transition, the market will be watching closely for the appointment of a new CEO and any strategic shifts that may follow. The company’s ability to maintain operational discipline and capitalize on growth opportunities will be critical in the coming months.