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00:02Domino's Pizza said operations chief Joe Jordan will become CEO on October 1st as the company
00:08works to reinvigorate sales, according to the Wall Street Journal.
00:12Current CEO Russell Weiner will move into the executive chairman role.
00:16Jordan, who is also Domino's U.S. president, said he will focus closely on operations and
00:21consistency as pizza sector growth trails the broader restaurant industry.
00:26Domino's shares fell about 2% after Monday's close and are down about 30% this year through
00:31Monday's close.
00:32The company has said it gained U.S. market share, but its April results missed analyst expectations
00:38and it lowered its U.S. same-store sales outlook.
00:41Jordan said he plans to maintain Domino's current strategy while helping franchisees protect
00:46price points and profitability.
00:47For all things money, visit Benzinga.com.
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