ANN ARBOR, Mich., Aug. 6, 2020 /PRNewswire/ -- Domino's
Pizza, Inc. (NYSE: DPZ), the largest pizza company in the world
based on global retail sales, today announced the appointment of
Executive Vice President, Supply Chain Services, Stu Levy, as the Company's Chief Financial
Officer, succeeding Jeffrey
Lawrence, who earlier announced his intention to retire from
the Company this year. Levy will report to Domino's Chief Executive
Officer Ritch Allison.
At the same time, Domino's announced the promotion of
Cindy Headen to Executive Vice
President, Supply Chain Services, succeeding Levy. She will join
the Company's executive leadership team and will report to CEO
Ritch Allison. These changes will be
effective August 20, 2020.
"In a relatively short period of time, both Stu and Cindy have
made profound positive impacts on our Company," said Allison. "They
are strong, capable leaders who are respected across our global
system, and I am excited to have them in these roles."
Stu Levy
Levy joined
Domino's in 2019 after serving as Executive Vice President, Chief
Transformation Officer for Republic Services, Inc., a leading
provider of non-hazardous solid waste collection, transfer,
disposal, recycling and energy services.
Since joining Domino's, Levy and his team have continued to
improve service to the U.S. and Canadian franchisees while also
driving significant efficiencies across all critical areas of the
production and distribution operations. The team continued to
strengthen its supplier relationship which, coupled with
improvements to the operations has enabled the team to navigate the
challenges of Covid-19. In addition, Levy and his team
successfully expanded operations by opening new Supply Chain
Centers and launched a Global Food Safety program.
Prior to joining Republic, Levy spent 13 years with Bain &
Company, and served as a partner from 2008-2014.
"Stu has a recognized ability to develop and execute practical
strategies to drive bottom-line results," said Allison.
Levy holds a degree in Mechanical Engineering and Materials
Science and a Master of Business Administration degree from
Duke University.
Cindy Headen
Headen
joined Domino's in 2015 as Vice President of Procurement &
Product Management, and in 2018 was promoted to Senior Vice
President of Global Procurement and Supply Chain Operations,
overseeing global procurement, inventory management, commodities,
Progressive Food Solutions, logistics, transportation, continuous
improvement and management of Domino's Canadian supply chain
operations.
Prior to joining Domino's, Headen spent nearly 15 years with
Pepsico USA, where she was
responsible for global procurement.
"During her time with Domino's, Cindy and her team have been
able to secure substantial cost savings to our system by
negotiating new contract terms with many of our suppliers and
vendors," said Allison. "More importantly, she has led the drive to
stabilize pricing from our suppliers, ensuring our cost structure
is predictable, while simultaneously ensuring an uninterrupted
supply of our key food products."
Headen holds a degree in Metallurgical Engineering from
Lehigh University in
Pennsylvania.
About Domino's Pizza®
Founded in 1960,
Domino's Pizza is the largest pizza company in the world based on
retail sales, with a significant business in both delivery and
carryout pizza. It ranks among the world's top public restaurant
brands with a global enterprise of more than 17,100 stores in over
90 markets. Domino's had global retail sales of over $14.3 billion in 2019, with over $7.0 billion in the U.S. and nearly $7.3 billion internationally. In the second
quarter of 2020, Domino's had global retail sales of over
$3.4 billion, with over $1.9 billion in the U.S. and over $1.5 billion internationally. Its system is
comprised of independent franchise owners who accounted for 98% of
Domino's stores as of the end of the second quarter of 2020.
Emphasis on technology innovation helped Domino's achieve more than
half of all global retail sales in 2019 from digital channels,
primarily online ordering and mobile applications. In the U.S.,
Domino's generates over 65% of sales via digital channels and has
developed several innovative ordering platforms, including those
developed for Google Home, Facebook Messenger, Apple Watch, Amazon
Echo and Twitter – as well as Domino's Hotspots®, an
ordering platform featuring over 200,000 unique, non-traditional
delivery locations. In June 2019,
through an announced partnership with Nuro, Domino's furthered its
exploration and testing of autonomous pizza delivery. In late 2019,
Domino's opened the Domino's Innovation Garage adjacent to its
headquarters in Ann Arbor,
Michigan to fuel continued technology and operational
innovation – while also launching its GPS technology, allowing
customers to follow the progress of the delivery driver from store
to doorstep. In mid-2020, Domino's launched a brand-new way to
order contactless carryout nationwide via Domino's Carside
Delivery™, which customers can choose when placing a
prepaid online order.
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SOURCE Domino's Pizza, Inc.