Giorgio Minardi will step down as president of Dunkin’ Brands International, at a time when parent Dunkin’ Brands Group Inc. is aggressively pushing development in the U.S. and internationally, the company said Wednesday.
The company did not indicate when or why Minardi will leave, but Dunkin’ Brands chairman and CEO Nigel Travis thanked him for his contributions.
“Giorgio led the first step of our international reorganization, has put important business processes into place and has strengthened our international franchise relationships,” Travis said. “We wish him well in his future endeavors.”
Minardi’s responsibilities will be split among three current executives, according to a filing with the U.S. Securities and Exchange Commission.
Paul Twohig, president of Dunkin’ Donuts U.S. and Canada, will assume responsibility for Dunkin’ Donuts and Baskin-Robbins in Europe and Latin America, as well as oversee global development for both brands. Bill Mitchell, president of Baskin-Robbins U.S. and Canada, will add oversight of Dunkin’ Donuts and Baskin-Robbins in Korea, Japan and China. Vice president John Varughese will continue to oversee the growth of both brands in the Middle East and Southeast Asia, and will also add oversight of India.
All three executives will report to Travis.
“I am excited about the enormous opportunity that exists internationally for Dunkin’ Donuts and Baskin-Robbins, and believe we can almost double our current number of restaurants outside the U.S. to 15,000 locations,” Travis said.
“By broadening the roles of Paul Twohig and Bill Mitchell, two seasoned and successful executives, we plan to apply the processes and disciplines we have used successfully in the U.S. to our international operations,” he added. “Both Paul and Bill are proven operators with global experience, and their appointments should enable us to better leverage our resources on a global basis, better support our franchisees, and accelerate the profitable growth of our brands around the world.”
At the end of the third quarter, Dunkin’ Brands had 17,940 global locations of Dunkin’ Donuts and Baskin-Robbins, including nearly 8,000 international units.
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