David Hoffman is very familiar with two of the biggest and most popular fast-food chains across the world. Hoffman is most known for his time spent with the popular McDonald’s restaurant chain, serving as the CEO to the corporation for 22 years. In 2016, Hoffman was recruited to another popular chain where he was hired to oversee the operations of not only the Dunkin’ Donuts brand, but Baskin-Robbins, too. Hoffman was born to lead. He is incredibly business-minded and has held a variety of leadership positions with McDonald’s, making him a sought-after contender for taking the lead of Dunkin’ Donuts brand when the former CEO planned to retire in 2016. Keep reading to learn 10 things you didn’t know about David Hoffman.
1. He’s only fifty and one of the tops in the field
Hoffman has a lot of experience under his belt when it comes to operating big restaurant chains. You might think that someone who’s the CEO of such large corporations, such as, McDonald’s and Dunkin’ Donuts, that you might be a bit older. Hoffman has been heading up one of the largest food chain corporations since he was in his thirties, and now, at just 50 years old, he is adding his second CEO position with yet another food chain corp., to his resume – Dunkin’ Donuts.
2. He’s well educated in business
Hoffman is a well-educated man, and he earned his degrees in the best fields possible for running businesses. Hoffman earned his B.S. degree in accounting attending Indiana University, then followed it up by getting his MBA at the University of Chicago.
3. He earned decades of experience in a famous fast-food restaurant
Hoffman was chosen to head-up Dunkin’ Donuts due to his vast experience in operating one of the most popular fast-food chains, ever. Hoffman spent 22 years at McDonald’s restaurant as the President of ‘High Growth Markets,’ where he oversaw the operations of 8,900 restaurants that spanned over 37 countries, including, China, Russia, and South Korea. He began his 22 year career with the chain in 2012.
4. He worked for McDonalds long before his adult career life
Hoffman was already familiar with McDonald’s before he ever took the position of President of Operations. When Hoffman was still in high school, like many kids, he had a job to help earn some spending money, and where did he work? If you guessed McDonalds, then you’d be right. Hoffman was a crew member at the restaurant during his teen years, and I’ll bet that he probably never imagined that one day, he’d be a big corporate guy of the popular chain, overseeing thousands of restaurants around the world.
5. He worked for the infamous, Arthur Andersen
After receiving his MBA, Hoffman took a position working with Arthur Andersen, a well-known accounting firm to begin getting experience in accounting and business, according to m.marketscreener.com. Arthur Andersen was once a part of the prestigious, Big-5 CPA firms, but the firm began to go under in 2002 after it was found guilty of criminal activity relating to the auditing of one of the largest energy companies, Enron. The conviction was later overturned, but the company could never make a comeback due to the damage that had already been done to the firm’s good name.
6. He moved from burgers to donuts
Hoffman made the change from burgers to donuts in 2016. The CEO of Dunkin’ Donuts, Nigel Travis was retiring and the company began the hunt for the next in line. The company knew of David Hoffman and his long term experience with McDonald’s, so they recruited him to take over the role of CEO when Travis left and continue his ‘world-class leadership’ in the industry with the Dunkin’ Donuts corporation.
7. He’s already superseded their expectations
Dunkin’ Donuts has always been recognized as a place to stop for a donut, or 12. But over the years, it began to add other food products and drinks to their menu, with coffee being one of the most popular. Once Hoffman came on board, he wanted to expand the brand’s beverage list and not just focus on their line of donuts, and in just three years, he has done just that. Hoffman has worked on expanding the beverage list to many types of coffee and espressos, all while adding to their food and pastry menu for more selection.
8. What he likes to drink from Dunkin’ Donuts?
Everybody has a favorite food or beverage when they work for a particular restaurant – you have to. If you are a fan of Dunkin’ Donuts, then you know that they are not only known for their delicious and very wide variety of donuts, but they offer a lot of delicious coffee drinks too. You can even find some of their favorite flavors for sale in grocery stores now – that’s how popular they became. When it comes to Hoffman, he’s got a particular drink he sips on while he works and during his interview for the Dunkin’ Newsroom, Hoffman was found to be sipping on an Iced Macchiato, which is arguably one of their best.
9. He believes in giving back
Many business men and woman enjoy spreading their wealth and good fortune with others. Hoffman is one of those who loves to give back to his community and to those less fortunate, especially children. According to new.dunkindonuts.com, Hoffman is involved in a number of charities, including food banks, children’s hospitals, and he is involved with a foundation created by Dunkin’ Donuts, known as Joy in Childhood. Helping children who suffer with illness or battle hunger, gives Hoffman much joy.
10. What’s his net worth?
Of course you’d expect someone in a CEO position of a company as big as McDonald’s and even Dunkin’ Donuts, to have quite a hefty bank account, and you would be right. According to wallmine.com, Hoffman’s wealth comes from several sources, including owning over 1,500 units of stock of Cedar Fair LP, which are said to be worth over $1.25 million. He has also sold FUN stock over the past decade, that were said to have been worth just under $150k. His yearly salary of $344,797 with the Cedar Fair Management Corp also adds to his overall wealth of $1.5 million.