Domino's CEO Ritch Allison to retire as successor is named

Domino's Pizza Inc. CEO Ritch Allison plans to retire as the company's top executive, and the Ann Arbor-based pizza maker has named its chief operating officer as his successor. Russell Weiner, who in addition to his COO role has been president of Domino's U.S. operations, will become CEO. He has been with Domino's since 2008, when he joined as executive VP and chief marketing officer. Allison will step down as CEO effective April 30. The company said he would stay on in an advisory capacity through July 15. He has served as CEO since July 2018. The company noted that during Weiner's tenure, annual U.S. retail sales have grown from $3 billion to $8 billion. Weiner led the company's "Pizza Turnaround" campaign, which was known for frankly discussing the quality of the chain's pizza ahead of a reformulated recipe. He has also overseen a period when Domino's saw success and growth by focusing on digital orders, which now represent 75 percent of the company's U.S. retail sales Domino's has been on a growth trajectory ever since, though U.S. sales have been crimped in recent quarters by the ongoing labor shortage. Subscribe to Ad Age now for the latest industry news and analysis. Also Tuesday, the company said board Chairman David Brandon will transition to the newly created role of executive chairman. Domino's also hired Sandeep Reddy, the CFO of Six Flags Entertainment Corp., as its new chief financial officer. Before joining Domino's, Weiner headed up marketing for Pepsi's North American cola business, and he serves on the board of directors of The Clorox Co., Domino's said. He has a bachelor of arts in government from Cornell University, and an MBA in marketing and international business from New York University's Stern School of Business.

Domino's CEO Ritch Allison to retire as successor is named

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