Domino's® Names Stu Levy as EVP - Chief Financial Officer
Domino's Pizza, Inc. (NYSE: DPZ), the largest pizza company in the world based on global retail sales, today announced the appointment of Executive Vice President, Supply Chain Services, Stu Levy, as the Company's Chief Financial Officer, succeeding Jeffrey Lawrence, who earlier announced his intention to retire from the Company this year. Levy will report to Domino's Chief Executive Officer Ritch Allison.
At the same time, Domino's announced the promotion of Cindy Headen to Executive Vice President, Supply Chain Services, succeeding Levy. She will join the Company's executive leadership team and will report to CEO Ritch Allison. These changes will be effective August 20, 2020.
"In a relatively short period of time, both Stu and Cindy have made profound positive impacts on our Company," said Allison. "They are strong, capable leaders who are respected across our global system, and I am excited to have them in these roles."
Levy joined Domino's in 2019 after serving as Executive Vice President, Chief Transformation Officer for Republic Services, Inc., a leading provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services.
Since joining Domino's, Levy and his team have continued to improve service to the U.S. and Canadian franchisees while also driving significant efficiencies across all critical areas of the production and distribution operations. The team continued to strengthen its supplier relationship which, coupled with improvements to the operations has enabled the team to navigate the challenges of Covid-19. In addition, Levy and his team successfully expanded operations by opening new Supply Chain Centers and launched a Global Food Safety program.
Prior to joining Republic, Levy spent 13 years with Bain & Company, and served as a partner from 2008-2014.
"Stu has a recognized ability to develop and execute practical strategies to drive bottom-line results," said Allison.
Levy holds a degree in Mechanical Engineering and Materials Science and a Master of Business Administration degree from Duke University.
Headen joined Domino's in 2015 as Vice President of Procurement & Product Management, and in 2018 was promoted to Senior Vice President of Global Procurement and Supply Chain Operations, overseeing global procurement, inventory management, commodities, Progressive Food Solutions, logistics, transportation, continuous improvement and management of Domino's Canadian supply chain operations.
Prior to joining Domino's, Headen spent nearly 15 years with Pepsico USA, where she was responsible for global procurement.
"During her time with Domino's, Cindy and her team have been able to secure substantial cost savings to our system by negotiating new contract terms with many of our suppliers and vendors," said Allison. "More importantly, she has led the drive to stabilize pricing from our suppliers, ensuring our cost structure is predictable, while simultaneously ensuring an uninterrupted supply of our key food products."
Headen holds a degree in Metallurgical Engineering from Lehigh University in Pennsylvania.
SOURCE: Domino's Pizza Inc.