Batchelor, who had held the role of ceo since 2011, will remain with the business until April 30 2014, while a replacement is found.
Before joining Domino’s, Batchelor held a number of directorial roles at Tesco, Vodafone and Procter & Gamble, having started his career as submarine warfare officer with The Royal Navy.
Significant private equity backed company
Stephen Hemsley, chairman of Domino’s Pizza Group, said:“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.”
Meanwhile, last month, the pizza business appointed Sean Wilkins as its new chief financial officer designate, following the retirement of Lee Ginsberg.
Batchelor said, at the time, that he looked forward to working with Wilkins to “drive the business forward”.
Corporate advisory and broking business N+1 Singer said the management change, so soon after the news of Wilkins’ departure, was “not good news for market sentiment”.
“Given some valid question marks over the pace of UK expansion possibly slowing down, and what that effect may have on operational gearing going forward, coupled with Germany related issues, today’s news just creates further uncertainty,” said N+1 Singer analyst Sahill Shan.