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Friday, December 6, 2013

UK's Domino's Pizza CEO Batchelor quits, (NYSE: DPZ)

Domino's Pizza said on Friday its Chief Executive Lance Batchelor would stand down next year, dealing a second managerial blow to Britain's biggest pizza delivery firm this year and hitting its shares sharply.Batchelor, who has led the firm's expansion into Switzerland and Germany, will join the group's Chief Financial Officer, Lee Ginsberg, in leaving the firm after he announced his departure in July this year.Shares in the group were down 8.7 percent in early trading."Lance has been offered a new role in a significant private equity backed company and as a result has tendered his resignation," Domino's Chairman Stephen Hemsley said in a statement. "His new company operates in a non-competing sector."

Domino?s Pizza, Inc. (Domino?s) is a pizza delivery company in the United States. Shares of DPZ traded higher by 0.87% or $0.6/share to $69.31. In the past year, the shares have traded as low as $41.17 and as high as $70.10. On average, 524106 shares of DPZ exchange hands on a given day and today's volume is recorded at 400803.