Domino's Pizza, leading name in pizza delivery, announced that Michael T. Lawton (56) will be retiring as the Company's Chief Financial Officer after 16 years of service with the company. He will be succeeded by Jeffrey D. Lawrence (41), current Treasurer of Domino's, who has been with the Company since 2000. Lawton plans to depart at the end of August, following a brief transition period.
J. Patrick Doyle, Domino's President and Chief Executive Officer, said, "I can't say enough great things about both these executives. Mike has not only been a terrific CFO, but a strong former leader of our international business – as well as a talented and flexible general business manager who has helped me by running both our IT and supply chain businesses during transition times."
Lawrence's official title will be Executive Vice President and Chief Financial Officer, and will report to CEO Doyle.
Lawrence started at Domino's in May 2000 as Director of Financial Reporting. He was promoted to Vice President and Corporate Controller in March of 2002, and moved to Vice President of International Finance in September 2008. He took over as Treasurer in January 2014, responsible for tax, treasury, risk management, financial planning and analysis and business insights. Founded in 1960, Domino's Pizza has more than 11,900 stores in over 80 international markets. In the second quarter of 2015, Domino's had global retail sales of nearly $2.2 billion, comprised of $1.1 billion in the U.S. and $1.1 billion internationally.