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Domino’s CEO Van Dyck to Step Down; Cowin Named Interim Chair

Jack Cowin will oversee operations after the board launched a global search for a permanent chief executive.

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Domino’s Australia announced its chief executive has resigned. NewsWire / Sarah Marshall

Overview

  • Mark van Dyck confirmed he will resign as group CEO and managing director on December 23 after nine months in the role.
  • The board has initiated a global search process to appoint a successor to guide the business through its next phase of growth.
  • Chairman and major shareholder Jack Cowin will assume the role of interim executive chair to lead the executive team during the transition.
  • Investors reacted to the leadership announcement with a more than 25 percent drop in Domino’s share price, underscoring market unease.
  • Van Dyck’s departure follows last month’s resignation of ANZ chief Kerri Hayman and capped a series of executive changes since Don Meij left in November.