Dunkin' Brands Names David Hoffmann CEO as Nigel Travis Retires

(Bloomberg) -- Dunkin’ Brands Group named David Hoffmann CEO and said he will remain president of Dunkin’ Donuts U.S.

  • Nigel Travis, who became CEO in January 2009, is retiring and will become executive chairman
  • Hoffmann joined Dunkin’ Brands as president of Dunkin’ Donuts U.S. in October 2016
  • Hoffmann will receive an annual base salary of $900,000 and will be eligible to receive an annual target cash incentive opportunity equal to 125% of his annual base salary
  • Hoffmann also received an award of restricted stock units valued at about $1.5 million
  • Shares were down about 1.3% premarket

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