On Friday, Domino’s Pizza Group said, Neil Smith, its CFO will be leaving the company to join Fuller, Smith & Turner, a pubs and hotels chain, as its finance director.
Smith is expected to join Fuller, Smith & Turner by December 1, 2021, said the company.
“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,” said Smith.
Smith’s departure from Domino’s Pizza Group comes less than a year after he was appointed as its permanent CFO in September 2020; he replaced David Bauernfeind who had died in a snorkelling accident.
In 2020, the pub operator had faced massive pandemic-led losses and had to furlough employees and sell some businesses. The coronavirus-induced COVID-19 pandemic shutdown its businesses and significantly impacted the hospitality sector.
Earlier this year in March, the London-listed company said, it had received a waiver from its lenders. It also reported that because of the coronavirus-induced lockdowns, it suffered a cash burn of between 4 million pounds ($5.67 million) to 5 million pounds.
($1 = 0.7055 pounds)