Domino’s Pizza Enterprises announces a new group chief financial officer with extensive experience at Bapcor, Coles, Lend Lease and Fantastic Furniture.
George Saoud has more than two decades’ experience in a listed environment and a track record in improving business performance.
He was most recently CFO at Bapcor after three years in a CEO role for Coles’ emerging business. Saoud also held CFO roles for four years at the Fantastic Group and then Metcash’s IGA supermarkets
Group CEO and managing director Mark van Dyck said “George Saoud brings a wealth of experience from a range of industries, including multinational companies, retail environments and franchised businesses that make him well suited to be a key member of the leadership of this business.”
Saoud’s starting date is not yet confirmed. When Saoud takes up the role, CFO incumbent Richard Coney will retire from the business. Coney has spent nearly 20 years as group CFO and three decades with the pizza chain.
Domino’s revealed Coney will present the half year results on 25 February and may present the full year results in August.
Mark van Dyck said “Given Richard Coney’s extensive Domino’s knowledge, and the work we have announced to focus our business and reinvest in our future growth, I am appreciative he has agreed to continue consulting to Domino’s after he steps down as Group CFO.
“This will ensure a seamless transition in our critical finance function as we deliver on our plan.”
Domino’s chair Jack Cowin said Coney held pivotal roles in Domino’s IPO and international expansion.
“Richard has long been a trusted advisor to management and the board, and I have appreciated his
rigorous and disciplined approach to financial management,” Cowin said.
