ANN ARBOR, Mich., July 16, 2015 /PRNewswire/ -- Domino's
Pizza, Inc. (NYSE: DPZ), the recognized world leader in pizza
delivery, today announced that Michael T.
Lawton (56) will be retiring as the Company's Chief
Financial Officer after 16 years of service with the company. He
will be succeeded by Jeffrey D.
Lawrence (41), current Treasurer of Domino's, who has been
with the Company since 2000. Lawton plans to depart at the
end of August, following a brief transition period.
J. Patrick Doyle, Domino's
President and Chief Executive Officer, said, "I can't say
enough great things about both these executives. Mike has not only
been a terrific CFO, but a strong former leader of our
international business – as well as a talented and flexible general
business manager who has helped me by running both our IT and
supply chain businesses during transition times."
Doyle continued, "Jeff has very deep institutional
knowledge, having served in just about every area of finance we
have, and was the VP and Corporate Controller when we took the
company public in 2004. He's been central to virtually every major
transaction we have completed. He, too, has had experience in our
international division, a critical perspective for this key
leadership role."
Lawrence's official title will be Executive Vice President and
Chief Financial Officer, and will report to CEO Doyle.
Lawrence began his career in public accounting with Arthur
Andersen. He started at Domino's in May
2000 as Director of Financial Reporting. He was promoted to
Vice President and Corporate Controller in March of 2002, and moved
to Vice President of International Finance in September 2008. He took over as Treasurer in
January 2014, responsible for tax,
treasury, risk management, financial planning and analysis and
business insights. He has a Bachelor of Business Administration
with a major in Accounting from Wayne State
University in Detroit, and
is a Certified Public Accountant. He also holds a Master of
Business Administration from the University of
Michigan in Ann Arbor. Jeff lives in Brighton, Michigan, with his wife Tricia and
three children.
Lawrence commented on his new post: "I love this company,
and am both honored and humbled to represent Domino's as its Chief
Financial Officer. I'm very excited by the opportunities we have to
continue to create great value for our shareholders, franchisees
and team members."
Outgoing CFO Lawton joined Domino's in 1999 as head of finance
for the Company's international division. He was named Executive
Vice President of International in October
2004 and was appointed CFO in August
2010. Prior to Domino's, Lawton was with Gerber Products
Company in both finance and general management positions. He
is a member of the Board of Directors of the Lazy Boy Furniture
Company in Monroe, Michigan.
About Domino's Pizza®
Founded in 1960, Domino's Pizza is the recognized world leader
in pizza delivery, with a significant business in carryout pizza.
It ranks among the world's top public restaurant brands with a
global enterprise of more than 11,900 stores in over 80
international markets. Domino's had global retail sales of over
$8.9 billion in 2014, comprised of
more than $4.1 billion in the U.S.
and nearly $4.8 billion
internationally. In the second quarter of 2015, Domino's had global
retail sales of nearly $2.2 billion,
comprised of $1.1 billion in the U.S.
and $1.1 billion internationally. Its
system is comprised of franchise owners who accounted for nearly
97% of Domino's stores as of the second quarter of 2015. Emphasis
on technology innovation helped Domino's generate approximately 50%
of U.S. sales from digital channels at the end of 2014, and reach
an estimated run rate of $4.0 billion
annually in global digital sales. Domino's features an ordering app
lineup that covers nearly 95% of the U.S. smartphone market and has
recently introduced several innovative ordering platforms,
including Ford SYNC®, Samsung Smart TV® and
Pebble Watch, as well as Twitter and text message using a pizza
emoji. In June 2014, Domino's debuted
voice ordering for its iPhone® and Android™ apps, a true
technology first within traditional and e-commerce retail.
Order – www.dominos.com
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Digital Info – anyware.dominos.com
Company Info – biz.dominos.com
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YouTube – http://www.youtube.com/dominos
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SOURCE Domino's Pizza, Inc.