Domino’s EVP of International Resigned Suddenly & Immediately. Here’s What We Know.

Domino’s EVP of International recently resigned suddenly and immediately. The sudden resignation of this longtime executive sent shockwaves through the industry. Let’s take a look at what we know about this resignation.

Domino’s EVP Art D’Elia Resigned

According to Nation’s Restaurant News, an 8K filing with the U.S. Securities and Exchange Commission dated Oct. 16 and made public on Tuesday, Oct. 22, shared that Art P. D’Elia has resigned from his role as executive vice president of international for Domino’s Pizza, effective immediately.

Through the end of March 2025, he will remain for a few months to assist in training his successor. D’Elia will stay with the company for the next few months to guarantee a seamless succession of his responsibilities, even though his reasons for leaving have not been made public. He will collaborate closely with Joseph Jordan during this period, who will step in temporarily until a replacement EVP is identified. Jordan served as executive vice president of international for Domino’s from 2018 to 2022 before taking over as head of the company’s U.S. and international services operations.

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The promotion of Kate Trumbull from chief brand officer to executive vice president, global chief marketing officer — a role that has been unfilled since D’Elia left it in 2022 — made headlines this week.

In January 2018, D’Elia became the senior vice president and chief brand and innovation officer at Domino’s. Before working as the company’s executive vice president and chief marketing officer from July 2020 to April 2022, he rose swiftly through the ranks, first holding the position of senior vice president and chief marketing officer from February to July 2020.

Latest Legal Woes

This is just the latest in legal woes for the pizza giant. Late last month, it was announced that Domino’s was at the center of a securities fraud class action lawsuit.

On Sunday, Sept. 29, Bronstein, Gewirtz & Grossman, LLC sent out a press statement informing Domino’s (referred to as the “Defendants”) stockholders about the class action complaint.

The plaintiffs in this lawsuit are all people and businesses who purchased Domino’s stock in any way between Dec. 7, 2023, and July 17, 2024. The complaint seeks damages from the pizza giant for alleged violations of federal securities laws. The law firm also set up a website where consumers can submit their claims.

“Throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects,” the press release states. “Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) DPE, the Company’s largest master franchisee, was experiencing significant challenges with respect to both new store openings and closures of existing stores; (2) as a result, Domino’s was unlikely to meet its own previously issued long-term guidance for annual global net store growth; (3) accordingly, Domino’s business and/or financial prospects were overstated; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times.”

Although it represents investors who lost over $100,000 on their investments, Faruqi & Faruqi, LLP is another legal firm that is a party to the class action litigation. The deadline for impacted investors to submit a claim and receive their portion of the settlement is Nov. 19, 2024. Participation in the class action lawsuit is free of charge. Although it is not required to be named as the primary plaintiff to get a monetary settlement, impacted investors may also ask to be listed as such.