CEO News | The Market Online The Market Online – First with the news that moves markets. Breaking Australian stock market news, ASX 200 announcements and the latest ASX news today. Sun, 18 May 2025 23:36:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 Domino’s Australia New Zealand chief to step down after 37 years https://themarketonline.com.au/dominos-australia-new-zealand-chief-to-step-down-after-37-years-2025-05-19/ Sun, 18 May 2025 23:36:36 +0000 https://themarketonline.com.au/?p=754361 Domino’s Pizza Enterprises Ltd (ASX:DMP) has told investors that head of its Australia New Zealand business, Kerri Heyman, will be stepping down later this year after 3 decades at the company.

Ms Heyman will leave her position as chief executive officer of the division in August, after 37 years with Domino’s, in roles which covered Australia, the United Kingdom and the United States.

She said the decision represented an important move for herself and the pizza giant.

“Working with Domino’s has given me some of the most rewarding experiences of my life — both professionally and personally — and I’ve developed lifelong friendships with passionate pizza people around the world,” he said.

“Since returning to Australia in 2023, I’ve been proud of the work we’ve done to strengthenoperations — from improving product quality and growing new occasions like lunch, todelivering stronger sales and profits for our franchise partners.

“Domino’s is now entering a new chapter, with a clear ‘Recipe for Growth’ in place forAustralia and New Zealand. With the business well positioned for the future, I feel confidentthis is the right time for me to open a new chapter of my own.”

Former franchise partner Greg Steenson has been appointed to the role of chief operating officer, Australia, effective immediately.

Domino’s has been trading at $25.20 per share.

Join the discussion: See what HotCopper users are saying about Domino’s and be part of the conversations that move the markets.

]]>
Shayne Elliott to step down at ANZ, HSBC exec named as new CEO https://themarketonline.com.au/shayne-elliott-to-step-down-at-anz-hsbc-exec-named-as-new-ceo-2024-12-09/ Sun, 08 Dec 2024 23:01:03 +0000 https://themarketonline.com.au/?p=729439 ANZ (ASX:ANZ) has announced its chief executive officer Shayne Elliott will be stepping down after nine years, to be replaced by former HSBC executive Nuno Matos.

Mr Matos – who will take over the role of CEO on July 3, 2025 – comes to the role with 30 years of experience across multiple sectors of banking, most recently as HSBC’s CEO of Wealth and Personal Banking.

He spent nine years at the latter global bank, holding roles such as Chief Executive Officer of HSBC Bank plc and HSBC Europe, as well as CEO Mexico (one of HSBC’s biggest markets) and Regional Head of Retail Banking in Latin America.

Mr Nunos has also worked at Santander, where he was Global Head of Consumer in its Retail and Commercial Division.

ANZ Group chairman Paul O’Sullivan said he believed this appointment would be an important step for the ‘big four’ bank going forward.

“We are very pleased an international banker of Nuno’s calibre and extensive experience will be joining ANZ as our new chief executive to lead the execution of our strategy,” he said.

“Nuno’s appointment is the culmination of long-term systematic work by the board onleadership succession.

“Having assessed multiple external and internal candidates, we know Nuno is the rightperson to build on the transformation already well progressed under the leadership of Shayne and his team.”

“Critically, Nuno has led several bank business, risk and technology transformations, which will be a significant benefit as we prepare to scale the migration of customers, including those from Suncorp Bank, across to ANZ Plus as well as supporting our focus on non-financial risk.”

Mr Elliott first joined ANZ in 2009 having also served as Global Managing Director Institutional and the Group’s Chief Financial Officer.

ANZ has been trading at $31.15 this morning.

Join the discussion: See what HotCopper users are saying about ANZ and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

]]>
Domino’s Don Meij steps down after 22 years as CEO https://themarketonline.com.au/dominos-don-meij-steps-down-after-22-years-as-ceo-2024-11-05/ Mon, 04 Nov 2024 22:30:42 +0000 https://themarketonline.com.au/?p=723873 CEO and managing director of Domino’s Pizza Enterprises (ASX:DMP), Don Meij, has retired after more than 20 years at the company’s helm. He’ll be replaced by Mark van Dyck, who will take on both roles starting November 6, 2024.

Mr Meij has been with the company for 40 years in total, holding the top job of CEO for 22 of these. He’ll continue to work with the Board and Mr van Dyck for the next 12 months to guide in the corporate transition.

He started the business in Brisbane, guiding it to become a global player. Domino’s listed in 2005 with 387 stores and sales of $300 million.

The search for a new Domino’s CEO was a global one, and Mr van Dyck’s experience is also international: Before this, he was on the executive board of British multinational food services company Compass Group, which has a market capitalisation of $79 billion and operations in 33 countries.

There, he worked as regional managing director in the Asia Pacific overseeing 66,000 employees in 11 countries; responsible for serving 400 million meals per year.

Domino’s chairman Jack Cowin said he wanted to thank Mr Meij for his achievements with the company.

“Under his leadership Domino’s Pizza Enterprises Ltd grew from a Brisbane-based company to a truly global business – the market-leader in each of the markets the company has operated for more than three years in Europe and the Asia-Pacific,” he said.

“Don has done an exceptional job of delivering positive outcomes for all our stakeholders, including franchise partners, shareholders and employees. He leaves an impressive legacy.”

Domino’s also reported a trading update for its first 17 weeks of trade in FY25, saying that Group SSS (same store sales) had fallen 1.2% compared to the prior period.

The company saw its shares move down following the news, and at 13:29 AEDT, they were trading at $31.26 – a fall of 7.27% since the market opened.

Join the discussion: See what HotCopper users are saying about Domino’s and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

]]>
Adairs MD and CEO steps down after 17 years in company management https://themarketonline.com.au/adairs-md-and-ceo-steps-down-after-17-years-in-company-management-2024-09-05/ Thu, 05 Sep 2024 00:03:22 +0000 https://themarketonline.com.au/?p=714184 Home retail company Adairs Ltd (ASX:ADH) has announced that managing director and CEO Mark Ronan – who has been a leader in the company for 17 years and held the former two roles for the previous 8 years- will be stepping down early next year.

Mr Ronan’s experience included playing an important role in Adair’s IPO in 2015, becoming CEO the following year and heading up two acquisitions to diversify the group.

Not to mention the challenges which came with Covid 19 and its impact on the retailing world.

Adairs is engaged in the process of identifying and appointing a successor, a process which will be aided somewhat by Mr Ronan’s decision to stay on into early 2025.

Mr Ronan said he would focus on supporting the company through the transition period.

“Adairs has been a large part of my life for nearly two decades and I feel that the time has come to make a change, consider what the future holds, and pursue new opportunities,” he said.

“This was not an easy decision and I will certainly miss the friendship, support and passion of our team, who have been and always will be critical to the Group’s success.

“Recognising this, my focus is on managing the Company and supporting our team through the transition period ahead.”

Adairs is involved in retailing home furnishings, home furniture and home decoration products with reach across Australia and New Zealand and through three vertically integrated brands, Adairs, Mocka, and Focus on Furniture.

Shares in the company fell slightly on the news. At 12:26 AEST, they were trading at $1.95 – a fall of 1.77% since the market opened.

]]>
Thematica Live: Krakatoa Resources (ASX:KTA) holds large resource in Gascoyne, new discovery in NSW https://themarketonline.com.au/thematica-live-krakatoa-resources-asxkta-holds-large-resource-in-gascoyne-new-discovery-in-nsw-2023-05-10/ Wed, 10 May 2023 05:54:46 +0000 https://themarketherald.com.au/?p=630121 Krakatoa Resources (KTA) holds the keys to a large clay-hosted REE resources at its Mt Clere project in Western Australia and this week announced a new REE discovery in New South Wales.

Company Geologist and CEO Mark Major addressed investors at The Market Herald’s From Mine to Magnet event in Perth this morning (Wednesday, May 10).

Krakatoa’s Tower discovery holds an estimated mineral resource of 101 million tonnes at 840 parts per million total rare earth oxides (TREO).

Early this week Krakatoa also announced it had made a clay-hosted rare earths discovery at its Ryan prospect within its Rand Project in New South Wales, with intersections including 8m at 1056ppm TREO within 42m at 483ppm TREO (from surface).

“The Ryan and Jindera Granites have sizeable footprints that we look forward to investigating further,” Mr Major said.

“Although our focus remains on our Mt Clere project in Western Australia , our NSW portfolio continues to demonstrate excellent potential for major discoveries.”

Krakatoa has a market cap just above $10 million. Mr Major said that meant there was room for growth.

He said the company was still testing and working to understand options around processing.

“The value metrics of the Tower resource, the level of payable rare earths within it, the initial metallurgical recoveries and the potential low cost mining are comparable to other companies that are much more advanced, and, on paper, show highly economic outcomes,” he said.

“The demand for the REE will be a critical economic aspect that also determines how viable this project may be.”

]]>