LONDON (ShareCast) - (Sharecast News) - Domino's Pizza said on Tuesday that chairman Stephen Hemsley has decided to step down from the board with effect from 29 December.
Senior independent director Ian Bull will take on the role on an interim basis, the company said.

Hemsley has been at the company since 1998 and seen Domino's through its IPO on Aim, taking it from a market capitalisation of £25m to almost £1.5bn.

He said: "After 21 years in the business, now is the right time for me to step back and focus on other interests. Domino's is well-positioned for future growth, and I wish it every success in the future."

Domino's said the search for a new chairman is progressing and will be followed by the appointment of a new chief executive officer.

At 1020 GMT, the shares were down 1.1% at 302.50p.

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE