Michael Hines has joined Dunkin’ Brands board. He will also serve as chair of the audit committee. Dunkin’ Brands is owned by Bain Capital, the Carlyle Group and Thomas H. Lee Partners.
Dunkin’ Brands Group, Inc. (Nasdaq: DNKN), the parent company of Dunkin’ Donuts and Baskin-Robbins, announced today the appointment of Michael F. Hines to the Dunkin’ Brands Board of Directors. Mr. Hines will also serve as the Chair of the Audit Committee.
“We are very pleased to welcome Michael to the Dunkin’ Brands Board of Directors, and look forward to his leadership as Chairman of our Audit Committee,” said Nigel Travis, Chief Executive Officer, Dunkin’ Brands, Inc. and President, Dunkin’ Donuts U.S. “Given his broad financial, retail and Board experience, he will be an invaluable resource for the Company as we begin a new chapter as a public company and continue to execute our strategy to grow our brands globally.”
Hines has more than 30 years of experience as a financial executive and certified public accountant, including 21 years in the retail industry. In addition to his industry expertise, Hines brings an extensive background in accounting, controls, financial reporting, tax, finance, risk management and financial management. Hines served as the Executive Vice President and Chief Financial Officer of Dick’s Sporting Goods, Inc. from 1995 to 2007, where he oversaw significant growth and expansion and led the company through its successful IPO. Prior to Dick’s Sporting Goods, Hines served as the Vice President of Finance for Staples, Inc., where he was responsible for the early development of the accounting and finance organization and a range of financial duties as sales grew from $200 million to $2.0 billion during his five-year tenure.
Hines spent 12 years in public accounting, with the last eight years with the accounting firm Deloitte & Touche LLP. Hines is also a director of GNC Holdings, Inc. and of The TJX Companies, Inc. He was a director of The Yankee Candle Company, Inc. from 2003 until the company was acquired by a private equity group in 2007. He received a bachelor’s degree in accountancy and a master’s degree in taxation from Bentley University.
“I am delighted to join the Dunkin’ Brands Board of Directors,” said Hines. “Dunkin’ Brands is one of the premier franchisors in the world with two of the world’s best-loved brands, and I look forward to working with the talented management team and contributing to the Board’s efforts to drive long-term shareholder value.”
About Dunkin’ Brands Group, Inc.
With more than 16,000 points of distribution in 56 countries worldwide, Dunkin’ Brands Group, Inc. (Nasdaq: DNKN), is the world’s leading franchisor of quick service restaurants (QSR) serving hot and cold coffee and baked goods, as well as hardserve ice cream. At the end of 2010, Dunkin’ Brands’ nearly 100 percent franchised business model included 9,760 Dunkin’ Donuts restaurants and 6,433 Baskin-Robbins restaurants, and the company had system-wide sales of approximately $7.7 billion. Dunkin’ Brands Group, Inc. is headquartered in Canton, Mass. The Company’s website is located at www.dunkinbrands.com.