New Domino's CEO flags potential store closures and a profitability focus
Domino’s was a growth engine for 20 years. Mark van Dyck, who's replacing Don Meij as CEO, says the business needs to consolidate and may consider closing more stores.
As Don Meij departs the company he led for 22 years, ending the third-longest CEO run on the ASX, his successor is striking a very different tone.
Mark van Dyck, who will take over as Domino's chief from Wednesday, has praised Meij’s achievements but also knows it's crucial to learn from his mistakes.
“In any business you go through a phase of growth, and then you've got to consolidate,” van Dyck told Capital Brief.
“I think there is a need for us to make sure that we are delivering [and] rebuilding value… that’s my first priority.”
