One of Dunkin’ Brands leaders, president of international Bill Mitchell, is resigning from the company, according to an SEC filing. The move will be effective March 16.
The filing said Mitchell will continue to receive his base salary and benefits through the transition date. As severance, Dunkin’ will pay Mitchell his current base salary for 12 months following the switch. Mitchell reported total compensation of $1.6 million in 2016, including a base salary of $504,808, according to a federal filing.
Mitchell oversees nearly 8,400 Dunkin’ Donuts and Baskin-Robbins locations in 61 countries outside of the U.S. The international team will report to Dunkin’ Brands CEO Nigel Travis following the move.
"Under Bill’s leadership our international operations are firmly on a course of improving franchisee profitability by increasing ice cream sales for Baskin-Robbins and driving a coffee-forward strategy for Dunkin’," the company said in a statement.
Mitchell was named president of Dunkin’ Brands International in October 2015. He joined the company in October 2010 and previously was responsible for Baskin-Robbins in the U.S., Canada, and Japan, as well as both brands in China and Korea.
Before Dunkin’, Mitchell worked for Papa John’s and ultimately served as the pizza chain’s president of global operations. He also held management positions at a variety of foodservice companies, including AFC Enterprise, the RTM Restaurant Group, and PepsiCo as part of the KFC management team.
Dunkin’ Donuts posted U.S. same-store sales growth of 0.6 percent in the third quarter and a revenue increase of 8.3 percent. Dunkin’s same-store sales increased 1.3 percent internationally after falling 1.4 percent in the same prior-year period. Baskin-Robbins’ overseas comps dropped 4.3 percent versus 2.9 percent and were also down 0.3 percent in the U.S.
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