Pizza boss quits
Lance Batchelor quit his role as boss of Domino's Pizza Group, this month, to take up a new position at an unnamed private equity backed company.
Batchelor, who had held the role of ceo since 2011, will remain with the business until April 30 2014, while a replacement is found.
Stephen Hemsley, chairman of Domino's Pizza Group, said: “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.”
Corporate advisory and broking business N+1 Singer said the management change was “not good news for market sentiment”.
Last month, Batchelor said he was looking forward to working with Sean Wilkins, who had just been appointed as Domino’s new chief financial officer, to “drive the business forward”.