AUSTRALIA | Domino’s Pizza Enterprises Ltd’s Group Chief Financial Officer Richard Coney will retire from the business after 30 years of service.
Group CEO and Managing Director Mark van Dyck paid tribute to Richard Coney for his extended leadership in the Domino’s business and his focus on its people, from the board to team members, through to franchise partners.
“On a personal note, I would like to thank Richard for supporting me when I took on this role, his extensive knowledge of Domino’s multinational operations has been invaluable,” said van Dyck.
Domino’s Chairman Jack Cowin thanked Coney for his service, including his pivotal roles in Domino’s IPO and international expansion.
“Richard has long been a trusted advisor to management and the board, and I have appreciated his rigorous and disciplined approach to financial management. He has been a key part of Domino’s growth and success, and on behalf of the Board we thank him,” said Cowin.
The Company has announced the appointment of George Saoud as Group CFO. Saoud is a highly experienced chartered accountant, CFO and company director, with more than two decades of experience in a listed environment.
Saoud has extensive experience in improving business performance through cost reduction and sales growth, most recently at Bapcor, having previously held CFO and CEO roles at Coles, Fantastic Furniture and Lend Lease.
“George Saoud brings a wealth of experience from a range of industries, including multinational companies, retail environments and franchised businesses that make him well suited to be a key member of the leadership of this business,” said van Dyck.
“George has a track record of success in improving business performance, and we are delighted he is joining our team.”
Saoud will commence his new role on a date to be agreed, at which time Coney will step down from his position as Group CFO. As such, Coney will be presenting the Half Year results to the market on February 25, and it is also expected that he will be presenting the Full Year results in August.
“Given Richard Coney’s extensive Domino’s knowledge, and the work we have announced to focus our business and reinvest in our future growth, I am appreciative he has agreed to continue consulting to Domino’s after he steps down as Group CFO. This will ensure a seamless transition in our critical finance function as we deliver on our plan.”
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