Domino's CEO Transition
Domino's Announces CEO Transition: Russell Weiner to Retire, Joe Jordan Will Lead Company
Anonymous
Key Points
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Under Russell Weiner's tenure as CEO, Domino's added more than 3,200 net stores globally, marking a period of aggressive expansion and international growth.
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The company posted nearly $3 billion in additional worldwide retail sales and roughly a 30% increase in operating income during his tenure.
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Domino's expanded its U.S. footprint and market leadership, gaining 11 points of pizza market share over 11 years and opening more than 2,000 net new domestic stores, with franchisee profitability rising by about $80,000 per restaurant.
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Initiatives during his tenure included the Parmesan Stuffed Crust launch, expanded loyalty offerings, third-party delivery partnerships, technology investments, and a brand refresh.
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There is inconsistency among outlets about the exact retirement date—some report an Oct. 1, 2026 or Oct. 1, 2027 transition, while others cite Sept. 30, 2026—highlighting reporting differences about the timing.
Domino's Pizza announced on June 22, 2026 that CEO Russell Weiner will retire, handing the reins to Joe Jordan, the company's COO and President of Domino's U.S. Seeking Alpha reported that DPZ shares fell roughly 4.6%, closing at $298.13, as investors digested the news of the leadership change.
Weiner's last day as CEO is September 30, 2026. Jordan officially becomes CEO and joins the board on October 1, according to QSR Magazine. Weiner will then serve as Executive Chairman Designate until the 2027 annual shareholder meeting, when he takes the full Executive Chairman title and David Brandon — a 28-year Domino's veteran — retires from the board.
Weiner's Four Years: 3,200 Stores and a Pizza Turnaround
Weiner became CEO in 2022 and immediately pushed hard on growth. Under his watch, Domino's added more than 3,200 net stores globally and posted nearly $3 billion in additional worldwide retail sales, according to Seeking Alpha. Operating income climbed about 30%. The company now operates 22,322 total stores across more than 90 markets.
Domestically, Domino's gained 11 points of pizza market share over 11 years and opened more than 2,000 net new U.S. stores. Franchisee profit per restaurant rose by roughly $80,000. Weiner also oversaw big brand moves: a Parmesan Stuffed Crust launch, a loyalty program overhaul, and partnerships with Uber Eats and DoorDash. Those third-party delivery deals now account for over 5% of total U.S. sales, per Restaurant Dive.
Jordan Steps Up After 15 Years Inside Domino's
Jordan, 53, is a 15-year company veteran. He previously served as EVP of International and Chief Marketing Officer before becoming COO. He is credited with opening 3,000 international stores and leading the rollout of third-party delivery platforms, according to TipRanks.
"I am honored by the Board's confidence," Jordan said, adding that he looks forward to "reaccelerating growth." David Brandon, the retiring Executive Chairman, backed the pick directly: "Joe is a proven leader whose experience spans virtually every aspect of our business. The Board unanimously concluded that Joe is the right leader," per Yahoo Finance.
Soft Sales Numbers Shadow the Transition
The announcement comes at a bumpy moment for the stock. DPZ is trading near its 52-week low, down nearly 40% from its July 2025 peak of $496. A weak Q1 2026 report added pressure — U.S. same-store sales grew just 0.9%, missing Wall Street's 2.3% estimate, according to Seeking Alpha.
International results were also soft. Same-store sales fell 0.4% in Q1 2026, dragged down partly by struggles at Domino's Pizza Enterprises, the brand's largest global franchisee, which has faced headwinds in Japan and Europe. Analysts at TipRanks hold a "Neutral" outlook, flagging "significant balance-sheet leverage" and a "pronounced downtrend" in the stock's technical indicators.
Jordan's First Job: Reignite U.S. Growth Under 'Hungry for MORE'
Jordan inherits Weiner's "Hungry for MORE" strategy, a five-year plan running through 2028. Its core goal is 3% annual U.S. same-store sales growth — a target the company recently missed. The board is keeping Weiner close as Executive Chairman, signaling to franchisees that the current roadmap stays intact, per QSR Magazine.
To support shareholders during the shift, Domino's maintained a newly authorized $1 billion share repurchase program and a $1.99 quarterly dividend. Jordan also takes the helm as rivals Pizza Hut and Papa John's face their own structural challenges, including potential sales or go-private deals, giving Domino's a window to press its market share advantage, which currently sits at roughly 18% of the U.S. pizza market.
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