ANN ARBOR, Mich., May 12 /PRNewswire-FirstCall/ -- Domino's Pizza, Inc.
(NYSE: DPZ), the recognized world leader in pizza delivery, today announced
that Ken Calwell will be leaving the company after nearly seven years in the
job of Chief Marketing Officer. Patrick Doyle, President, Domino's USA, will
personally oversee the job during the executive search process, which is
already underway. Doyle had previously served as the Company's marketing
chief, as well as its executive vice president of International and Team USA,
prior to being named President of the U.S. division. He will take over direct
supervision, on an interim basis, of all marketing functions including the
oversight of the Company's partnership with its advertising agency, Crispin,
Porter + Bogusky in addition to his other duties as President. CP+B was named
Domino's agency of record late in 2007, and launched the new "You Got 30
Minutes" campaign in January 2008.
David A. Brandon, Chairman and CEO, said, "We want to thank Ken for
everything he has done for Domino's Pizza. This included five years of his
contributing to our 12-year string without a negative same store sales
comparison. We wish Ken and his family the very best in their future
endeavors, and consider them great friends of Domino's Pizza."
Brandon added that Doyle and team are currently in the process of
executing a strategic pricing, product and operations plan to regain positive
same store sales in the U.S., as outlined in the Company's recent first
quarter financial disclosures.
About Domino's Pizza(R)
Founded in 1960, Domino's Pizza is the recognized world leader in pizza
delivery. Domino's is listed on the NYSE under the symbol "DPZ." Through its
primarily franchised system, Domino's operates a network of 8,641 franchised
and Company-owned stores in the United States and more than 55 countries. The
Domino's Pizza(R) brand, named a Megabrand by Advertising Age magazine, had
global retail sales of over $5.4 billion in 2007, comprised of $3.2 billion
domestically and $2.2 billion internationally. During the first quarter of
2008, the Domino's Pizza(R) brand had global retail sales of $1.3 billion,
comprised of approximately $735 million domestically and approximately $575
million internationally. Domino's Pizza was named "Chain of the Year" by
Pizza Today magazine, the leading publication of the pizza industry and is the
"Official Pizza of NASCAR(R)." Customers can place orders online in English
and Spanish by visiting www.dominos.com or from a Web-enabled cell phone by
visiting mobile.dominos.com. More information on the Company, in English and
Spanish, can be found on the Web at www.dominos.com. Domino's Pizza. You Got
30 Minutes(TM).
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995:
This press release contains forward-looking statements. These forward-
looking statements relating to our anticipated profitability and operating
performance reflect management's expectations based upon currently available
information and data. However, actual results are subject to future risks and
uncertainties that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements. The risks and
uncertainties that can cause actual results to differ materially include: our
increased leverage as a result of the borrowings under our asset-backed
securitization facility; the uncertainties relating to litigation; consumer
preferences, spending patterns and demographic trends; the effectiveness of
our advertising, operations and promotional initiatives; our ability to retain
key personnel; new product and concept developments by us and other food-
industry competitors; the ongoing profitability of our franchisees and the
ability of Domino's Pizza and our franchisees to open new stores and keep
existing stores in operation; changes in food prices, particularly cheese,
labor, utilities, insurance, employee benefits and other operating costs; the
impact that widespread illness or general health concerns may have on our
business and the economy of the countries in which we operate; severe weather
conditions and natural disasters; changes in our effective tax rate; changes
in government legislation and regulations; adequacy of our insurance coverage;
costs related to future financings and changes in accounting policies. Further
information about factors that could affect our financial and other results is
included in our filings with the Securities and Exchange Commission, including
our annual report on Form 10-K for the fiscal year ended December 30, 2007. We
do not undertake to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as
required to be reported under the rules and regulations of the Securities and
Exchange Commission.
SOURCE Domino's Pizza, Inc.
