Dunkin’ CEO’s pay doubled in 2014
Dunkin’ Brands chief executive Nigel Travis’ total compensation more than doubled in 2014 compared to the year prior, according to data from the company’s latest proxy statement. Travis, who took the reins of the Canton company six years ago, made $10.2 million last year, compared to $4.3 million in 2013. Dunkin’ Brands is the parent company of the Dunkin’ Donuts restaurant and Baskin-Robbins ice cream chains.
The chief executive’s pay boost came from performance and time-based stock awards and options. Travis made $8.6 million in stock awards and options last year, up from $2.4 million the year prior. His $990,385 base salary also increased 6.1 percent from 2013.
Travis’ payout under the company’s short-term incentive plan declined from $950,000 in 2013 to $555,682 last year.
Dunkin’ Donuts marched across the country in 2014 to re-enter California and build a stronger West Coast presence. Revenue climbed 4.9 percent to $748.7 million and net income grew 15 percent to $168.9 million, the company said. Adjusted earnings per share rose 14.4 percent to $1.75.
The company opened 452 new Dunkin’ Donuts restaurants and 252 Baskin-Robbins shops last year. Dunkin’ now operates 18,862 total stores worldwide.
Mark Nunnelly, the incoming Massachusetts revenue commissioner, earned $155,014 in fees and stock awards last year as a director of Dunkin’.
Nunnelly, 56, retired last year from the Boston private equity firm Bain Capital, which was an investor in Dunkin.