As it revealed that a dispute with franchisees was set to continue into next year and announced mounting losses in its international business, Domino’s said that David Wild would retire as chief executive once a replacement was in place. Stephen Hemsley, the chairman, will oversee the recruitment before also being replaced. New corporate governance guidelines state that a chairman should not remain in the job for more than nine years.
As it revealed that a dispute with franchisees was set to continue into next year and announced mounting losses in its international business, Domino’s said that David Wild would retire as chief executive once a replacement was in place. Stephen Hemsley, the chairman, will oversee the recruitment before also being replaced. New corporate governance guidelines state that a chairman should not remain in the job for more than nine years.
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