Domino’s hopes for slice of luck with fourth finance chief in four years
Domino’s has appointed its latest finance chief, David Bauernfeind, who becomes the fourth person in four years to hold the position.
The pizza company had already appointed Bauernfeind as its interim chief financial officer after his predecessor, Rachel Osborne, left for struggling high street retailer Debenhams in June.
Read more: Domino's franchisee boosted as Russia falls in love with pizza
Bauernfeind said: "I have spent the past two months learning about the company and getting to know my new colleagues and I am thrilled to be joining such a talented and ambitious team on a permanent basis.
"Domino's is an iconic and market-leading brand, but it is also an entrepreneurial and innovative business with enormous potential both in the UK and overseas."
He previously served as CFO of Swindon-based distributor Connect Group, where he worked until June, after spending five years at IT services provider Xchanging until 2016.
Read more: European investment takes bite out of Domino's Pizza first half profits
Domino’s chief executive David Wild said: "I am delighted David is joining Domino's at an exciting time for our business, with the prospect of further domestic and international growth on the horizon. He has considerable experience at this level, with growing and successful listed businesses like ours, which we believe makes him a perfect match for the fast-moving culture of Domino's."
While the firm’s revenue grew 13 per cent year on year to £616m in the six months to July, statutory profits before tax slipped almost 10 per cent to £41.7m.