Domino's CEO resigns for new role in private equity backed firm

The chief executive of Domino's Pizza Group, Lance Batchelor has resigned and will be leaving for a new job from 30 April 2014.

Chairman of Domino's Pizza Group, Stephen Hemsley commented:

Lance has been offered a new role in a significant private equity backed company and as a result has tendered his resignation. His new company operates in a non-competing sector. We are sorry to be losing Lance and thank him for his contribution to the continued growth of our business over the last three years.

We have begun the process to find a replacement for Lance who will be with us until 30th April 2014 to help with an orderly handover to his successor. We will update the market on progress with that process in due course.

Batchelor took on the position at Domino's in December 2011 after serving in leading roles at Tesco, Vodaphone and Amazon.