Canton, Mass. - Dunkin' Brands Group Inc, the parent company of Dunkin' Donuts and Baskin-Robbins, today announced the extension of Chairman and CEO Nigel Travis's employment contract through December 2018. Travis, 64, whose contract previously ran through December 2016, joined Dunkin' Brands as CEO in December 2008.
"Nigel has done an outstanding job at Dunkin' Brands over the past five years," said Dunkin' Brands lead director Raul Alvarez. "Since 2009, under the leadership of Nigel and his management team, Dunkin' Brands' nearly 100% franchised system has delivered a compounded annual growth rate of 6.2% 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. 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."