Patricia E. Lopez
Director at DPZ
Board
About Patricia E. Lopez
Independent director of Domino’s Pizza, Inc. since 2018; age 63. Chair of the Nominating & Corporate Governance (NCG) Committee and member of the Audit Committee. Former CEO of High Ridge Brands (2017–2020) with prior senior leadership at Estée Lauder, Avon, and 25 years at Procter & Gamble, including VP/GM overseeing P&G’s Eastern Europe business; current board roles include Aramark and Recreational Equipment, Inc. (REI); prior boards include Acreage Holdings and Express, Inc.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| High Ridge Brands Co. | Chief Executive Officer; Director | Jul 2017–Mar 2020 | Led consumer brands portfolio; CEO experience adds corporate strategy and operating oversight |
| Estée Lauder Companies Inc. | Senior Vice President | Jan 2015–Jul 2016 | Global brand/marketing leadership |
| Avon Products, Inc. | Senior Vice President | Dec 2012–Nov 2014 | Consumer/beauty operations and brand experience |
| The Procter & Gamble Co. | Various roles; Vice President & GM, Eastern Europe | ~25 years; most recent VP/GM | Extensive international operations, marketing, and general management |
External Roles
| Company | Role | Tenure/Status | Notes |
|---|---|---|---|
| Aramark (NYSE: ARMK) | Director | Current | Public company directorship; adds foodservice/operator perspective |
| Recreational Equipment, Inc. (REI) | Director | Current | Private co-op; consumer retail experience |
| Acreage Holdings | Director | Prior | Prior public board service |
| Express, Inc. | Director | Prior | Prior public board service |
Board Governance
- Independence: Board determined Ms. Lopez is independent; all nominees except the Executive Chairman and CEO are independent .
- Committee assignments: NCG Committee Chair; Audit Committee member .
- Attendance and engagement: In 2024 the Board met five times; each director attended at least 75% of aggregate Board and committee meetings; all current directors attended the 2024 annual meeting .
- Executive sessions: Independent directors meet at least quarterly in private sessions led by the Presiding Director; fully independent committees .
- Stock ownership requirements: Directors must hold 5× annual retainer within five years; deferred stock under the DCP counts toward compliance (company-wide policy disclosure) .
Fixed Compensation
| Component (2024) | Amount | Notes |
|---|---|---|
| Cash fees | $125,000 | Comprised of $90,000 Board retainer, plus committee roles (NCG Chair $20,000; Audit member $15,000 per schedule) |
| Equity (RSUs, grant-date fair value) | $190,486 | Annual director grant; RSUs vest in 1 year; typical grant size 385 RSUs in 2024 |
| Other compensation | $2,729 | Accrued cash dividends on vesting RSUs |
| Total (2024) | $318,216 |
Director fee schedule (context):
- Board retainer $90,000; NCG Chair $20,000; NCG member $10,000; Audit Chair $35,000; Audit member $15,000; Compensation Chair $25,000; Compensation member $10,000; Presiding Director supplement $25,000 .
Performance Compensation
| Equity Award Detail (2024) | Value/Units | Vesting | Notes |
|---|---|---|---|
| Annual RSU award | $190,000 target; 385 RSUs granted | One-year vest; converts to common stock at vesting | Directors eligible for qualified retirement provision (5 yrs service and age ≥55); Ms. Lopez has satisfied retirement eligibility |
| Performance Metrics Tied to Director Equity | Status | Notes |
|---|---|---|
| Financial/operational metrics | None | Director RSUs are time-based, not performance-based; no options or PSUs for directors disclosed |
Other Directorships & Interlocks
| External Board | Type | Potential Interlock/Conflict | Disclosure |
|---|---|---|---|
| Aramark | Public | No Domino’s-related transactions disclosed with Ms. Lopez; no related-party transactions involving her identified | Related party section lists other items; no Ms. Lopez-related transactions |
| REI | Private | None disclosed | |
| Acreage Holdings; Express, Inc. (prior) | Public (prior) | None disclosed |
Related-party controls: Board reviews and approves related person transactions; conflicts governed under Codes and Corporate Governance Principles .
Expertise & Qualifications
- Global P&L and operating leadership spanning CPG and beauty; CEO experience at High Ridge Brands .
- Brand marketing and consumer strategy expertise; deep international exposure (P&G Eastern Europe GM) .
- Governance experience as NCG Chair at Domino’s; Audit Committee member, supporting risk, financial reporting, and cybersecurity oversight .
Equity Ownership
| Item | Amount | Notes |
|---|---|---|
| Beneficially owned DPZ shares | 2,050 | <1% of class |
| Outstanding director RSUs (as of 12/29/2024) | 385 | Annual director grant count |
| DCP balance (director deferred comp) | $545,513 | Aggregate earnings in 2024: $66,653 |
| Anti-hedging/anti-pledging | Prohibited for all directors under Insider Trading Policy |
Ownership guidelines: Directors must hold 5× annual retainer; deferred stock under DCP counts toward requirements. Company does not disclose individual guideline compliance status for Ms. Lopez in the proxy .
Insider Trades (DPZ)
| Date | Filing | Summary |
|---|---|---|
| Apr 25, 2025 | Form 4 | Reported stock award grant activity; see filing for units and details |
| Apr 27, 2023 | Form 4 | Prior reported activity; see filing for details |
Governance Assessment
-
Strengths
- Independent director with robust consumer/CPG operating credentials; serves as NCG Chair and Audit member—positions central to board effectiveness (governance practices, director selection, risk/financial oversight) .
- Solid engagement: ≥75% meeting attendance; attendance at annual meeting; independent director executive sessions conducted quarterly .
- Alignment mechanisms: equity retainer via RSUs with one-year vest; anti-hedging/anti-pledging policy; stock ownership guideline (5× retainer) with DCP deferrals counting toward compliance .
- Shareholder confidence signal: 2024 say‑on‑pay support nearly 94% (broader governance/comp program approval) .
-
Watch items / potential conflicts
- Multiple board service (Aramark, REI) increases time commitments, but Domino’s imposes limits and reviews director time commitments; no Ms. Lopez-related related-party transactions disclosed .
- Direct DPZ shareholding is modest (2,050 shares), though RSUs/DCP deferrals contribute to ownership requirements; individual guideline compliance status not disclosed .
-
RED FLAGS
- None identified in proxy: no related-party transactions involving Ms. Lopez; anti-pledging/hedging policy in place; attendance thresholds met .