Australia's Domino's Pizza Enterprises tanks to 11 year low after CEO step down announcement

Dominos Pizza Enterprises

02/07/2025 01:42

** Shares of Domino's Pizza Enterprises DMP.AX down 16.8 at A$16.75, among top losers on the ASX 200 benchmark index .AXJO which is up 0.5%

** Stock falls as much as 17.2% to hit its lowest level since February 2014

** The Australian pizza chain's group chief executive officer and managing director Mark van Dyck to step down at the end of year

** Current chairman Jack Cowin would take on the role of executive chair on an interim basis, adds co

** Stock down 31.6% this year, as of last close

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com;))