Domino's Pizza slides on word the CEO who engineered its turnaround is leaving

Darren Weaver
  • Shares of Domino’s Pizza fell nearly 5% to $US196.77 a share Wednesday after CEO J. Patrick Doyle said he would be stepping down in June.
  • Doyle was responsible for an impressive turnaround at the company, including a major reputation makeover and investments in new technology.
  • Since Doyle became CEO in March 2010, the company’s shares have gained 1,388%.
  • Richard Allison, who is the president of Domino’s International, will step in as the new CEO.
  • Domino’s stock has climbed 10.39% this year.
  • View Domino’s stock price in real-time here.

To read about some of the innovative things that Domino’s was doing last year, click here.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.