6th Mar 2020 15:36
(Alliance News) - Domino's Pizza Group PLC on Friday said Independent Non-Executive Director Helen Keays will retire at the end of the company's 2020 annual general meeting.
Domino's already requires a new chief executive, a new chief financial officer, and a new chair.
Keays, who is approaching a nine-year term on the pizza delivery firm's board after joining in September 2011, will not seek re-election at the AGM.
The UK corporate governance code states that serving more than nine years could impair a director's ability to be considered independent.
Interim Chair Ian Bull said: "On behalf of the board, I should like to extend my thanks to Helen for her unstinting contribution to the company and the board over many years. I should also like to thank Helen for her support and counsel since I joined the board and wish her success for the future."
On Thursday, Domino's reported "solid" annual trading from its core operations as it continues to both try and sell international operations and find new leadership. It reported revenue of GBP508.3 million for the 52 weeks to December 29, 3.0% higher than the year before.
Shares in Domino's were down 2.1% at 283.90 pence in London on Friday afternoon.
By Anna Farley; [email protected]
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