Domino’s Pizza reshuffles executive team

ANN ARBOR, Mich. - Domino’s Pizza Inc. (NASDAQ:DPZ), known as the world’s largest pizza company with a market capitalization of $15.1 billion and a strong financial health rating according to InvestingPro, today announced key executive promotions within its ranks. Joseph Jordan has been appointed as the new chief operating officer and president of Domino’s U.S. In his expanded role, Jordan will oversee domestic operations, marketing, and technology for a company that generated $4.7 billion in revenue over the last twelve months. He has been with the company since 2011 and previously held the title of president, U.S. and global services since May 2022.

In a strategic move to enhance its global operations, the company also promoted Weiking Ng to executive vice president – International, effective April 1. Ng will manage Domino’s extensive network across over 90 countries. His experience includes a recent stint as vice president – International for Asia, Middle East, and Africa, and prior roles at Hilton and McDonald’s.

Ryan Mulally’s promotion to executive vice president – general counsel and corporate secretary will take effect on Sunday. Mulally, who has been with Domino’s since 2008, brings a wealth of legal expertise to his new position, having previously led the company’s litigation team.

Russell Weiner, Domino’s CEO, expressed confidence in the newly promoted leaders, emphasizing their alignment with the company’s Hungry for MORE strategic mindset. He anticipates that these changes will bolster the brand’s agility and effectiveness in executing its strategies.

These executive shifts are part of Domino’s broader organizational restructuring aimed at streamlining operations and reinforcing its commitment to growth. The company, which celebrated its global retail sales surpassing $19.1 billion in 2024, continues to focus on innovation and digital sales channels, with over 85% of U.S. retail sales coming through digital platforms last year. According to InvestingPro, the company has maintained dividend payments for 14 consecutive years and recently increased its dividend by 43.8%. For detailed analysis of Domino’s financial performance and future prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

The information for this article is based on a press release statement from Domino’s Pizza.

In other recent news, Domino’s Pizza reported mixed fourth-quarter results, revealing revenue of $1.44 billion, slightly below the $1.48 billion consensus, with U.S. same-store sales growing by only 0.4%. Despite this, the company achieved adjusted earnings per share of $4.89, narrowly missing the $4.91 forecast. Analysts have maintained various ratings on Domino’s stock, with UBS reaffirming a Buy rating and a $540 target, while Benchmark also kept a Buy rating but with a $520 target. Bernstein maintained a Market Perform rating with a $440 target, highlighting concerns over franchisee profitability and core delivery business declines. RBC Capital Markets reiterated an Outperform rating with a $500 target, noting the company’s unchanged U.S. guidance and potential benefits from new aggregator partnerships. Domino’s recent launch of its Parmesan stuffed crust pizza is part of its strategy to drive growth through innovation and partnerships. Analysts like TD Cowen and Stephens have pointed out the significance of these initiatives for future growth. Investors are closely monitoring these developments as Domino’s adapts to market conditions and seeks to achieve its long-term sales targets.

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