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Domino’s Pizza Group PLC - Milton Keynes-based pizza delivery master franchiser in UK and Ireland - Usman Nabi steps down as non-executive director, effective from Monday. Nabi is the founder & managing partner of Browning West LP, a Los Angeles-based investment firm that owned a 6.5% stake in Domino’s Pizza Group when he joined the board in late 2019. Domino’s said Browning West continues to be a significant shareholder, holding 11% as of the end of July.
Nabi played an ‘instrumental role’ in finding a new chair and new chief executive for Domino’s Pizza Group, it says, resulting in the hiring of Matt Shattock as chair and Andrew Rennie as CEO. ‘As a shareholder, I look forward to continuing to engage with the company as it moves to the next level,’ Nabi says.
Current stock price: 405.00 pence
12-month change: up 49%
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