Nigel Travis, who has been working as the CEO of Dunkin’ for almost a decade, will be retiring as the CEO and will remain active with the company as Executive Chairman. The company went public in 2011 under his leadership and has given back about $2.7 billion to shareholders since that time. In his new role, Travis will look after the development of the holding restaurant company’s international businesses.
The Canton, Massachusetts-based company is planning to conduct a conference call today at 4:30 PM ET to discuss the management change. Shares of Dunkin’, which inched up 0.6% on Tuesday, slipped about 1% before the bell today after the announcement. However, the stock turned to green when the market opened today.
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