Dunkin' Brands Group CEO Nigel Travis is retiring and will be replaced by David Hoffmann.
Travis, 68, has been CEO for almost a decade.
The Canton, Massachusetts, company said Wednesday Travis was named executive chairman of the board of directors.
Hoffmann, 50, will take over the CEO position immediately. He will also serve on the board of directors and remains president of Dunkin' Donuts U.S.
Before joining Dunkin' Brands in 2016, Hoffmann spent 22 years at McDonald's Corp, where he had most recently served as its president of high growth markets, which included China, South Korea and Russia.
He earned his bachelors in accounting at Indiana University and an MBA from the University of Chicago.
Copyright AP - Associated Press