UK’s Domino’s appoints Neil Smith as permanent CFO

William Arsn

(Reuters) – Domino’s Pizza Group on Wednesday appointed interim Chief Financial Officer Neil Smith to the role on a permanent basis to replace David Bauernfeind, who died in a snorkelling accident last year.

Britain’s largest pizza delivery chain also appointed former Taco Bell CFO Natalia Barsegiyan and Lynn Fordham, managing partner of private equity firm Larchpoint Capital, to the board as independent non-executive directors.

Smith, who joined as interim CFO in April, earlier served as the CFO of British pub operator Ei Group from 2011 until it was recently taken over by Stonegate Pub Company.

His appointment comes a few months after the company named former Costa Coffee Chief Executive Officer Dominic Paul as its top boss and Jim Beam maker Beam Suntory’s executive Matt Shattock as its chairman.

The new management will be tasked with overseeing the sale of the company’s loss-making international operations and resolving a profit-sharing row with its franchisees.

The company, a franchise of U.S.-based Domino’s Pizza Inc , said Smith became permanent CFO on Sept. 1 and will join the board on Sept. 16.

(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Amy Caren Daniel)

Source Article

Next Post

GDP slump a warning bell for hamstrung policies

© Provided by The Financial Express We believe that the confirmation of the Q2 GDP growth outlook should clear the air for policymakers to recalibrate their strategies, offering an anchor for basing the next phase of policy stimulus. By Sonal Varma & Aurodeep Nandi India’s GDP growth fell to a […]