News

Dunkin' Brands extends CEO's contract by two years

March 5, 2014

Dunkin' Brands, parent company of Dunkin' Donuts and Baskin-Robbins, today announced the extension of Chairman and CEO Nigel Travis's employment contract through December 2018.

According to a news release, the 64-year-old's contract previously ran through December 2016. Travis joined Dunkin' Brands as CEO in December 2008.

"Nigel has done an outstanding job at Dunkin' Brands over the past five years," Dunkin' Brands Lead Director Raul Alvarez said in the release. "Since 2009, under the leadership of Nigel and his management team, Dunkin' Brands' nearly 100-percent franchised system has delivered a compounded annual growth rate of 6.2 percent in systemwide sales, had strong comparable store sales, added almost 3,300 net new Dunkin' Donuts and Baskin-Robbins restaurants, and returned approximately $650 million to shareholders during its two-and-a-half years as a public company."

Other achievements during Travis' tenure include higher guest satisfaction ratings in the domestic restaurants and the installation of standardized point-of sale systems for both brands in the U.S., paving the way for new retail technologies, including the Dunkin' Mobile App and DD Perks Rewards Program.

"I am immensely proud of all that we have accomplished over the past five years," Travis said. "We have two tremendously powerful brands, enormous global growth potential, a talented management team and, most importantly, world-class franchisees. I am excited about our future and am delighted to be extending my employment agreement with the company through 2018."