David Hoffmann named new Dunkin’ Brands CEO, effective immediately

Business


David Hoffman has been named CEO of Dunkin’ Brands, the company announced Wednesday.

Hoffman, 50, joined Dunkin’ Brands as president of Dunkin’ Donuts U.S. in 2016. He has led all aspects of the company’s U.S. business, as well as spearheaded the coffee chain’s new concept store and overseen the addition of hundreds of new stores, the company said.

Hoffman will replace Nigel Travis, 68, who is retiring from his role as CEO. Travis has held the position since 2009. He will remain involved with the company, serving as executive chairman of the board and focusing on developing the international business.

“When we recruited Dave to Dunkin’ Brands 18 months ago with the intent that he would succeed me as CEO, we knew that we were getting a world-class leader with extensive restaurant industry expertise, and he has exceeded all of our expectations,” Travis said.

Shares of Dunkin’ Brands rose 0.6 percent in premarket trading.



Source link

Articles You May Like

Banks are as despised as during the financial crisis
Amazon Web Services said to eye network devices, networking stocks tank
Medicare won’t cover all your health care expenses. How to prepare
Netflix faces major risk heading into earnings, money manager says
In ETFs, the bigger the stock, the more money goes into it and that could be costing regular investors

Leave a Reply

Your email address will not be published. Required fields are marked *