Finance
Domino's Australia franchise CEO steps down, shares hit over 11-year low
Published by Global Banking & Finance Review®
Posted on July 2, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 2, 2025
2 min readLast updated: January 23, 2026
Domino's Australia CEO Mark van Dyck resigns, leading to a 16% drop in shares, their lowest in over 11 years. The company is searching for a new CEO.
By Rajasik Mukherjee and Sameer Manekar
(Reuters) -Domino's Pizza Enterprises said on Wednesday its CEO and managing director, Mark van Dyck, would step down before Christmas this year, sending the Australian franchise operator's shares plummeting about 16% to their weakest in over 11 years.
Van Dyck, a former Coca-Cola executive, took over from the franchise operator's longstanding head, Don Meij, in November last year as the company struggled to maintain sales in a post-COVID era.
In eight months, Van Dyck laid the groundwork for a turnaround, closing low-volume stores and initiating cost-saving measures. His departure, effective December 23, sent the stock spiralling.
Shares ended 15.8% lower at A$16.96 apiece, their lowest since February 2014, and logged their worst session since late January 2024.
The stock was the second biggest loser in the ASX 200 benchmark on the day, and has lost 90% of its value since scaling an all-time high in September 2021, when pizza sales surged and the company was mapping out expansion plans for the coming decade.
"A new CEO will take some time to appoint, raising the risk (of an) extended period of sub-par execution and lost earnings and further talent loss," said John Lockton, head of investment strategy at MST Financial.
The company's underlying profit declined 8% in 2024 and was 36% below its record 2021 profit. A consensus of analyst estimates forecasts an 85% slump in fiscal 2025 profit, per Visible Alpha.
The board has begun a global search to replace the incumbent CEO, the firm said. Chairman Jack Cowin, who has over five decades of experience in the quick-service restaurant sector and is the company's largest shareholder, will assume the role of interim executive chair.
Cowin was one of the founders of KFC in Australia and played a key role in Domino's expansion into Europe and Asia.
Domino's Pizza Enterprises runs the largest master franchise of the U.S.-based Domino's Pizza in 12 countries across Asia, Europe, Australia and New Zealand. Japan accounts for around a fifth of its stores.
(Reporting by Sameer Manekar and Rajasik Mukherjee; Editing by Eileen Soreng and Alan Barona)
Mark van Dyck, the CEO and managing director of Domino's Pizza Enterprises, is stepping down before Christmas this year.
Domino's shares fell 15.8% to A$16.96, marking their lowest point since February 2014.
The company's underlying profit declined 8% in 2024 and is projected to slump by 85% in fiscal 2025.
During his eight-month tenure, Van Dyck initiated cost-saving measures and closed low-volume stores to lay the groundwork for a turnaround.
The board has begun a global search to replace Mark van Dyck as CEO, as his departure raises concerns about future performance.
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