Domino's Pizza Group's Chief Financial Officer To Leave Company To Become Finance Director Of Pub Operator Fuller, Smith & Turner
Domino's Pizza Group's chief financial officer, Neil Smith, will leave the company to join pub operator Fuller, Smith & Turner as its finance director, the two companies have said in separate statements.
Smith is expected to join by December 1, 2021, the company said.
"While I was not looking to leave Domino's, I have been given an exceptional opportunity to return to an industry where I have spent much of my career," Smith said in a statement.
Smith departs less than a year after he was appointed as the permanent CFO in September, replacing David Bauernfeind who had died in a snorkelling accident.
COVID-19 Pandemic-Led Losses
The British pub operator has faced massive COVID-19 pandemic-led losses in the last year, and has had to cut jobs and sell some businesses, as social distancing measures and curfews until as recent as May shut down its businesses and hammered the hospitality sector.
In March, the London-listed company said that it received a waiver from its lenders. During the lockdown, the company had a cash burn of between £4 million and £5 million, it reported earlier this year.