Domino's UK CEO steps down after strategy clash
Andrew Rennie just resigned as Domino's UK CEO, effective immediately, after he and the board couldn't agree on the company's direction.
Chief Operating Officer Nicola Frampton is stepping in as interim CEO while they search for a permanent replacement.
Why does this matter?
Rennie wanted to branch out with new ideas—like launching Chick 'N' Dip, a fried chicken brand—but the board preferred sticking to pizza, especially with sales dropping and competition heating up.
Domino's UK orders dipped 1.5% last quarter, and news of Rennie leaving knocked shares down another 3%.
What's next for Domino's?
Frampton will focus on supply chain fixes and rolling out Chick 'N' Dip while continuing work on the company's loyalty program.
She isn't aiming for the top job long-term but is keeping things steady until someone new takes over.