Domino’s CEO to retire, COO Joe Jordan to succeed
Domino’s promotes COO Joe Jordan to CEO as it navigates changes in the competitive QSR pizza landscape.
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Domino’s has appointed Joe Jordan as CEO effective Oct. 1, following Russell Weiner’s retirement. Jordan's 15-year tenure includes significant roles that have contributed to the brand's recent growth, including the addition of 3,000 units and enhancements to its digital platforms. Under Weiner, Domino’s has maintained positive same-store sales amid challenges from rival chains.
Why It Matters
This leadership transition could influence franchisee relationships and operational strategies, impacting unit economics within the QSR pizza segment as Domino’s aims to capture a larger market share.
Domino's has appointed Joe Jordan as the new CEO, effective October 1, following Russell Weiner’s retirement from the position after serving as CEO since 2022. Upon his retirement, Weiner will transition to the role of executive chairman designate, later becoming executive chairman at the company's 2027 annual shareholder meeting. David Brandon, the current executive chairman, will retire after 28 years and will not seek reelection to the board.
Jordan, who has nearly 15 years of experience at Domino's, has served as the chief operating officer and president for Domino's U.S. He has held various roles in marketing, international operations, technology, and franchisee support, playing a significant part in the chain's growth and innovation efforts. Under his leadership, Domino's saw record international expansion, adding around 3,000 units, and he led initiatives such as the re-launch of the rewards program, enhancements to e-commerce platforms, and the exploration of global digital partnerships.
Jordan steps into the CEO role amid notable upheaval in the quick-service restaurant (QSR) pizza sector, as competitors like Papa John’s and Pizza Hut have faced store closures. Despite these challenges, Domino's has reported positive same-store sales in recent quarters. Weiner had previously indicated in April that he expected to retain market share as competitors would likely close more stores to counteract the company’s price point, which franchisees might struggle with in terms of profitability.
