Domino's Pizza Inc. has announced that Dennis F. Hightower has departed its board in order to accept President Obama's nomination for Deputy Secretary of Commerce. The post requires that the nominee hold no other board or management positions.
Hightower served on the Domino's Pizza board of directors since February 2003, serving on all three of the board committees during his tenure. Most recently, Hightower was chairman of the Audit Committee and a member of the Compensation Committee.
Diana F. Cantor, a director of Domino's Pizza since October 2005, will replace Hightower as head of the Audit Committee. Cantor also serves on the Nominating and Corporate Governance Committee.
Hightower also has served on the boards of directors of Accenture, the Gillette Co., Northwest Airlines and PanAmSat Corp., among others, in addition to his serving on the Domino's Pizza board. Hightower holds an M.B.A. degree from the Harvard Business School and a bachelor's degree and honorary doctorate from Howard University.
If he is confirmed by the Senate, Hightower will take control of an office that provides management oversight to the department's 12 bureaus, overseeing operations totaling more than $17 billion dollars.