The first Dunkin Donuts was opened in 1950 by founder Mr. Bill Rosenburg in Quincy, MA. Five years later the very first franchised branch was licensed. Sixty years later, under “Dunkin Brands Inc.”, there are now over 10,000 stores including more than 7,000 franchised locations, all in 36 of the United States. There are over 3,000 Dunkin stores internationally in 32 countries other than the United States. Dunkin' Brands Group, Inc. is one of the world's leading franchisors of quick service restaurants serving hot and cold coffee and baked goods, as well as hard-serve ice cream. Dunkin Brands is head quartered in Canton, MA (Company Snapshot).
In 2009 Mr. Nigel Travis was appointed Chief Executive Officer and most recently in 2013 the Chairman of the Board. Mr. Travis has held executive positions for several large companies including Senior Vice President of Human Resources for Burger King, President and Chief Operating Officer for Blockbuster. Before make the move to Dunkin Brands Inc. he was President and Chief Executive Officer of Papa Johns (Company Snapshot).
In March of 2014, the company announced the decision to extend its CEO’s contract by two additional years from December of 2016 to 2018. This came partly due to his great productivity with the organization. In his short five years as CEO of Dunkin Brands, Mr. Travis has managed to produce a growth rate of 6.2%, add 3,000 new Dunkin Donuts and Baskin Robbins stores, as well as provide the company’s shareholders a return of approximately $650 million.
“Going forward, the company is well positioned for future growth, and Nigel and his team remain focused on driving franchisee profitability and delivering shareholder value” shares Lead Director Raul Alvar...
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King, M. (2014, March 5). Dunkin' Brands extends contract for chairman and CEO Nigel Travis. DunkinBrands. Retrieved April 4, 2014, from http://www.dunkinbrands.com/Press-Releases/DUNKIN-BRANDS-EXTENDS-CONTRACT-FOR-CHAIRMAN-CEO-NIGEL-TRAVIS-483.aspx
Mason, E. (2014, Feb 06). Dunkin donuts profit up, boosts quarterly dividend; more customer traffic, higher average ticket boosts growth. Wall Street Journal (Online). Retrieved from http://ezproxy.net.ucf.edu/login?url=http://search.proquest.com/docview/1494734574?accountid=10003
Company Snapshot. (n.d.). DunkinDonuts.com. Retrieved April 2, 2014, from http://www.dunkindonuts.com/content/dunki
Dunkin Brands Inc. (2014). BASKIN-ROBBINS UNVEILS NEW DEVELOPMENT INCENTIVES FOR 2014. [press release] January 15, 2014.
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