Lawton succeeds Beck as Dominos CFO
August 23, 2010
by Meat&Poultry Staff
Domino’s Pizza Inc. has named Michael Lawton executive vice president and chief financial officer. Lawton, replaces Wendy Beck, who has accepted a position as chief financial officer of Norwegian Cruise Lines, according to Nation’s Restaurant News
Lawton, who has been with the 9,000-plus-unit pizza-delivery chain for 11 years, previously served as executive vice president of international operations. He and Beck will work together during a transitional period, the company said.
“Mike has done an outstanding job of growing our international business, and getting it to a point of both critical mass and ongoing success,” said J. Patrick Doyle, Domino’s president and chief executive. “Mike is not only a proven general manager, but highly qualified as a financial expert for a public company — a powerful combination for a great CFO and business partner.”
Lawton joined Ann Arbor, Mich.-based Domino’s in 1999 as head of finance for the company’s international division. He was promoted to executive vice president of the division in 2004.
Since then, the division’s sales have grown at a compounded annual rate of 12% and added more than 1,100 stores, the company said.
During the second quarter ended June 20, Domino's reported a 56% jump in profit, attributed partly to the popularity of the chain’s reformulated pizza, which was rolled out domestically at the end of 2009. Domestic same-store sales rose by 8.8%.