David Hoffmann named new Dunkin' Brands CEO, effective immediately

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David Hoffman has been named CEO of Dunkin' Brands, the company announced Wednesday.

Hoffman, 50, joined Dunkin' Brands as president of Dunkin' Donuts U.S. in 2016. He has led all aspects of the company's U.S. business, as well as spearheaded the coffee chain's new concept store and overseen the addition of hundreds of new stores, the company said.

Hoffman will replace Nigel Travis, 68, who is retiring from his role as CEO. Travis has held the position since 2009. He will remain involved with the company, serving as executive chairman of the board and focusing on developing the international business.

“When we recruited Dave to Dunkin’ Brands 18 months ago with the intent that he would succeed me as CEO, we knew that we were getting a world-class leader with extensive restaurant industry expertise, and he has exceeded all of our expectations," Travis said.

Shares of Dunkin' Brands rose 0.6 percent in premarket trading.

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