Domino's Pizza Chairman Stephen Hemsley to step down

Domino's Pizza Group plc on Tuesday announced that its long-serving Chairman Stephen Hemsley has decided to step down from the board. Hemsley will leave the company on December 29, 2019.

Senior Independent Director Ian Bull will step into the role of Interim Chairman until a permanent replacement is appointed.

“The search for a new Chairman is progressing, and will be followed by the appointment of a new CEO,” the company said in a statement.

“It has been a privilege to play a part in the growth of Domino’s to the brand it has become today, working alongside our talented colleagues and franchisees. After 21 years in the business, now is the right time for me to step back and focus on other interests. Domino’s is well-positioned for future growth, and I wish it every success in the future,” Stephen Hemsley said in a statement.

Hemsley joined Domino's in 1998, leading it through its IPO on AIM with a market capitalisation of £25m to almost £1.5bn today.