Domino's Pizza CEO Takes Direct Control of Australia and New Zealand Operations

3-line summary

• Domino's Pizza Enterprises Group announced Monday that group CEO and managing director Andrew Gregory will take direct, immediate control of its Australia and New Zealand (ANZ) operations, while ANZ CEO Merrill Pereyra is departing the company by mutual agreement, according to Investing.com.
• The company, master franchisee of the Domino's brand across Australia, New Zealand, Europe and Asia, said it has begun searching for an experienced new executive to lead ANZ operations, with Gregory overseeing the region in the interim.
• The report cited soft sales across all regions, with discounting and promotions having limited effect; in Asia, accelerating store closures in Japan and Taiwan, along with associated writedowns, have weighed heavily on earnings. No specific financial figures were disclosed.

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