Domino's CEO stepping down in pizza chain shakeup

Domino's, one of the nation's largest pizza delivery chains, is going to change CEOs in June, it announced Tuesday.

J. Patrick Doyle, who led Domino's for eight years, will be replaced by Richard Allison, who is president of Domino's International. He takes over July 1.

The change comes less than a month after a rival chain, Papa John's, announced its CEO, John Schnatter, is stepping down as well.

Doyle said in a statement that he accomplished his three major goals at Domino's, which is based in Ann Arbor, Mich. He said he wanted Domino's to be the top pizza company in the world, make more money for franchisees and to refine his leadership team.

"I will leave Domino's knowing that it is in great hands," he said.