Domino's Pizza Welcomes Stephen Kramer to Board of Directors
Domino's Pizza Welcomes Stephen Kramer to Board of Directors
Domino's Pizza, Inc. (Nasdaq: DPZ), recognized as the largest pizza company worldwide, has officially announced the election of Stephen H. Kramer to its Board of Directors. This decision represents a significant step in enhancing the governance and leadership of the company.
David Brandon, Domino's Executive Chairman, expressed enthusiasm about Kramer joining the board, stating, "We are thrilled to welcome Stephen to the Domino's Board of Directors. We are confident he will bring valuable insights and outstanding experience to our board. We look forward to the contributions Stephen will make as we work with our outstanding leadership team to achieve the goals and aspirations embodied in our Hungry for MORE strategy." His position is expected to strengthen Domino's ability to reach its long-term goals.
Stephen Kramer: A Leader in Family Solutions
Kramer currently holds the position of President and Chief Executive Officer of Bright Horizons Family Solutions Inc. (NYSE: BFAM), where he has served as CEO and board member since January 2018. His extensive background with Bright Horizons, which he joined in 2006 through the acquisition of College Coach—a startup he co-founded—adds significant expertise to the Domino's board. Prior to his tenure there, he gained experience at Fidelity Ventures and Arthur D. Little, further shaping his leadership abilities.
In Kramer's own words, "I am honored to serve on the Domino's Board and excited to work with fellow directors and the talented leadership team to achieve Domino's strategic priorities and long-term goals. Domino's is a people-first business powered by what is possible when you focus on culture, innovation, integrity and community. It is inspiring to see the global impact the brand has made for customers, franchisees, and employees." This dedication to a people-centric approach aligns perfectly with the values that drive Domino's success.
About Domino's Pizza
Established in 1960, Domino's Pizza has become a leader in the pizza industry, offering both delivery and carryout services. With over 21,300 locations across more than 90 markets, Domino's is consistently ranked among the world's top public restaurant brands. Notably, the company reported over $19.2 billion in global retail sales in its most recent trailing quarters, demonstrating the robust demand for its services.
An impressive 99% of Domino's stores are operated by independent franchise owners, showcasing the company’s commitment to franchisee success. Moreover, the brand has been pushing boundaries in digital innovation, achieving more than 85% of U.S. retail sales in 2024 through its various digital platforms. These strategic advancements have positioned Domino's at the forefront of the competitive foodservice landscape.
Innovations in Ordering
Domino's has set the standard in the industry by continually enhancing its ordering platforms. Customers enjoy a seamless experience thanks to the company's investment in technology, which not only improves service delivery but also fosters loyalty among consumers. This forward-thinking approach ensures that Domino's maintains its edge in a constantly evolving market.
The company understands that customer satisfaction is paramount; thus, they prioritize developing user-friendly interfaces that simplify the ordering process. As they expand their technological innovations, Domino's remains committed to enhancing the overall customer experience.
Looking Ahead: Domino's Future Plans
With the addition of Stephen Kramer to the board, Domino's looks poised for a bright future. His extensive experience in leadership roles will likely help shape new strategies and initiatives. The board aims to harness his insights to propel Domino’s mission further.
Domino's commitment to its vision, "Hungry for MORE," reflects its aspirations for growth and community engagement. The strategic objectives outlined by the leadership team will focus on enhancing customer services, exploring new markets, and continuing to innovate in product offerings.
Commitment to Community and Culture
As Domino's progresses, it remains dedicated to the values that have established its strong narrative—a commitment to community and a focus on nurturing a positive workplace culture. The company actively fosters relationships with its employees, franchisees, and customers, building a strong foundation for sustainable growth.
Frequently Asked Questions
Who is Stephen Kramer?
Stephen Kramer is the newly elected member of the Board of Directors at Domino's Pizza and is also the CEO of Bright Horizons Family Solutions Inc.
What is Domino's Pizza known for?
Domino's is known for being the world’s largest pizza company, specializing in pizza delivery and carryout.
How many stores does Domino's have?
Domino's operates over 21,300 stores in more than 90 markets globally.
What is Domino's strategy moving forward?
The company is focused on its "Hungry for MORE" strategy, which emphasizes customer satisfaction and technological innovations.
How does Domino's use technology?
Domino's uses technology to enhance ordering platforms, making it easier for customers to order and enjoy their food conveniently.
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