Domino’s gets a new CEO amid slowing sales—but is it enough to save pizza chains?

Domino's Pizza appointed Joe Jordan as its new CEO, effective October 1, 2026, following a period of first-quarter sales that fell significantly below projections. Jordan, who currently serves as COO and president of Domino's U.S., will succeed Russell Weiner, who is transitioning to the role of executive chairman. Jordan has a 15-year tenure at Domino's, holding various executive positions in marketing and innovation, and was instrumental in the relaunch of the company's loyalty and e-commerce platforms, as well as the establishment of global digital marketplace partnerships. According to a regulatory filing reported by Reuters, Jordan's annual base salary will be $925,000, with a target annual bonus of 200% of his base pay. David Brandon, Domino's current executive chairman, stated that Jordan is a proven leader with extensive experience across the business and is well-qualified to lead the company through its next growth phase. This internal promotion aligns with a broader trend in the S&P 500, where a December 2025 report from Spencer Stuart indicated that 60% of companies hired C-suite leaders internally, with 76% of CEOs and 80% of COOs being internal hires. Weiner himself was previously COO, mirroring this internal succession pattern.