ugg waterproof spray Patrick Doyle named CEO of Domino’s Pizza as David Brandon becomes University of Michigan athletic director
David Brandon, a statewide business leader long rumored as a potential gubernatorial candidate, is resigning as CEO of Domino’s Pizza as the Ann Arbor based company enters a crucial period in its history.
Brandon, named this morning as the next athletic director of the University of Michigan, will no longer be Domino’s CEO as of March 7, the pizza company confirmed this morning. He will remain as chairman of its board of directors.
“I love my job at Domino The company is doing terrific. In fact, 2009 was a great year for us. It would take a very special opportunity for me to leave that job,” said Brandon, a former chairman of the U M Board of Regents and former U M football player. “I can think of very many jobs in the world that I would pick up and leave that great company and great brand for, but this is one. I love the University of Michigan.”
Domino’s Pizza CEO David Brandon is stepping down to become athletic director of the University of Michigan.
Brandon, 57, has played an increasingly visible role in shaping Michigan’s economic future. In December 2007, he became chairman of Detroit Renaissance, since renamed Business Leaders for Michigan. And he serves on the board of economic development group Ann Arbor SPARK.
He is also a member of the board of directors at Burger King, Ann Arbor based Kaydon and TJX Companies. It was not immediately clear whether he would maintain those roles.
His total compensation at Domino was $3.228 million in 2008, according to Forbes, a total that includes a salary of $847,462, stock option awards worth $1.6 million and restricted stock awards of $661,544.
Doyle, 46, also is a director of G Services, based in Minnesota. His compensation at Domino was $1.237 million, including salary of $465,000, Forbes reported.
Brandon’s departure comes as Domino’s is in the midst of a major transition. The company on Dec. stores. To promote the recipe, the company launched the largest marketing campaign in its history.
Brandon himself last year became an integral part of the company’s
marketing strategy. He was the central figure in the company’s TV
advertising early last year, a move that heightened his national profile.
J. Patrick Doyle, the new CEO of Domino’s Pizza
Photo courtesy of Domino’s
The ads were gaining traction when, last spring, a few Domino’s food
service employees posted a video to YouTube that showed them jokingly
doing inappropriate things with pizza ingredients.
It marked a major public relations crisis for Domino’s, but the firm emerged with little hit to its revenue. Brandon is not a featured part of the company’s ads spotlighting its new pizza recipe.
Domino’s operates about 8,886 corporate and franchised stores, and it
employs about 10,500 full time workers.
Doyle’s role as Brandon’s successor was already laid out by the Domino’s board. The company had previously identified Doyle as the company’s next CEO, if Brandon chose to leave.