McDonald's Exec Quits To Head Dunkin' Donuts US And Canada

(RTTNews) - Dunkin' Brands Group Inc., (DNKN), the parent company of Dunkin' Donuts and Baskin-Robbins, Thursday said it has appointed David Hoffmann as president of Dunkin' Donuts U.S. and Canada, effective October 3.

Hoffmann has served 22 years at McDonald's Corporation (MCD), where he most recently served as President, High Growth Markets, which includes China, South Korea, Russia and several additional European markets.

Hoffman replaces Paul Twohig, who plans to retire in the first quarter of 2017.

McDonald's in a regulatory filing said that Hoffmann resigned and did not sign a non-compete agreement, thus forfeiting his unvested cash and equity incentive awards. Noncompetes are generally signed to prevent employees to switch to a competitor soon after leaving a company.