Media365
Domino’s Pizza has named company veteran Joe Jordan as its next chief executive officer, placing a long-time insider at the helm as the pizza chain grapples with cautious consumer spending, slowing sales growth and intensifying competition in the delivery business.
Domino’s said on Monday that Jordan, currently chief operating officer and president of Domino’s US, will take over as CEO on October 1.
He will succeed Russell Weiner, who is set to retire after a little more than four years in the top job.
Weiner will remain with the company as executive chairman-designate and is expected to become executive chairman after Domino’s 2027 annual shareholder meeting.
Current Executive Chairman David Brandon will retire from the board after that meeting, bringing to a close a 28-year association with the company.
The leadership change comes at a delicate moment for Domino’s. Earlier this year, the company trimmed its growth outlook for both the US and international markets, citing weaker consumer spending and a fiercely competitive operating environment.
Investors appeared wary of the announcement. Domino’s shares fell about 1.8 per cent in extended trading.
Jordan’s long run at Domino’s
Jordan, 53, has spent nearly 15 years in senior leadership roles at Domino’s.
Over that period, he has worked across marketing, technology, franchise support and both US and international operations.
During his tenure, Domino’s opened more than 3,000 stores worldwide.
He also played a key role in several digital initiatives, including the relaunch of the company’s loyalty programme, upgrades to its e-commerce platforms and the rollout of digital marketplace partnerships.
Domino’s is hoping that experience will prove valuable as consumers become more selective about discretionary spending.
Pressure from rivals
The company has been facing growing pressure from competitors and third-party delivery platforms, while inflation-weary customers continue to look for better value.
Domino’s also reported weaker-than-expected first-quarter earnings in 2026, with both revenue and profit missing analyst estimates.
Several brokerages have since lowered their expectations for the stock, citing concerns over market share and slowing demand.
Domino’s scale and recent record
Even with these headwinds, Domino’s remains one of the world’s largest quick-service restaurant chains.
It operates more than 22,300 stores across over 90 markets, with independent franchisees owning about 99 per cent of those locations.
Global retail sales topped $20.4 billion in the four quarters ended March 22, 2026.
Weiner leaves behind a strong growth record.
Since becoming CEO in 2022, he oversaw the addition of more than 3,200 net new stores worldwide.
He also helped lift global retail sales by nearly $3 billion and drove close to a 30 per cent increase in operating income during his tenure.
Pay and outlook
Domino’s said Jordan will receive an annual base salary of $925,000 as CEO.
He will also be eligible for a target annual bonus equal to 200 per cent of his base pay.
For investors, the big question is whether an insider at the top can help reignite growth.
The company is trying to defend its position as consumers tighten budgets and competition for delivery orders intensifies.
By turning to Jordan, Domino’s is signalling that it wants stability and continuity as it pushes ahead with its long-term Hungry For More strategy in an uncertain economy.
