UK's Domino's Pizza announces abrupt departure of finance chief

The finance chief at the UK’s Domino’s Pizza has resigned effective on Monday, the company disclosed on Tuesday without providing further details on the reasons behind her departure.

Rachel Osborne, who was appointed chief financial officer in October 2016, will also leave her post on the group’s board of directors.

Domino’s said it will “now commence a search for her successor and make an announcement in due course.”

“We are grateful for Rachel’s hard work and commitment in helping Domino’s to continue its strong growth. We wish her every success for the future,” said Stephen Hemsley, Domino’s chairman, in a regulatory filing.

Ms Osborne said in the filing that she “very much enjoyed my time at Domino’s and I now look forward to pursuing other career opportunities.”

A spokesperson reached by the Financial Times declined to provide additional information on why Ms Osborne left the company. The former Vodafone executive did not immediately respond to an FT request for comment.

Shares fell 3.7 per cent in early London trade to 370.9p, cutting the year to date rise to 7.2 per cent.

Domino’s also on Tuesday reiterated the outlook it gave in March and “the confidence in the company’s performance in 2018 and beyond.” The next financial announcement from Domino’s is expected in August, according to its website.

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