Dunkin’ Brands shuffles executives
Dunkin’ Brands Inc. has appointed Neil Moses, formerly chief financial officer, to the position of chief global strategy officer.
Paul Carbone, formerly vice president for finance and strategy for the company, replaces Moses as chief financial officer. He will continue to report to Moses, who reports directly to Nigel Travis, Dunkin’ Brands’ chief executive and president of Dunkin’ Donuts’ U.S. division.
Canton, Mass.-based Dunkin’ Brands Inc. is the parent company of the Dunkin’ Donuts and Baskin-Robbins quick-service chains.
In a press release, the company said Moses’ new position reflected “his increasing focus on driving the company’s strategic initiatives.”
“These moves recognize Neil’s and Paul’s incredible contributions to the success of Dunkin’ Brands,” Travis said in the release, noting the company’s successful initial public offering last summer.
Moses joined Dunkin’ Brands in November 2010 after serving as executive vice president and chief financial officer of Parametric Technology Corporation, a Massachusetts-based software company.
Carbone, who joined Dunkin’ Brands in 2008, previously was senior vice president and CFO for clothing and accessories company Tween Brands.
More than 70 percent of Dunkin’ Brands’ revenue comes from Dunkin’ Donuts’ domestic operations, which include 10,000 units. But global operations remain important: The second largest part of the company is Baskin-Robbins International, which had 4,267 units at the end of the most recent quarter.
The company also has more than 3,061 international Dunkin’ Donuts units and 2,488 domestic Baskin-Robbins locations. Dunkin’ Donuts currently is on a major U.S. expansion drive, and aims to double its number of domestic units in the next 20 years.
Dunkin’ Brands is almost fully franchised.