Bloomin’ Brands CEO David Deno Retiring
May 07 2024 - 6:46AM
Business Wire
Board of Directors Leading Search for
Successor
Bloomin’ Brands, Inc. (NASDAQ: BLMN) announced that David Deno,
Chief Executive Officer, will be retiring after 12 years with the
company, including the last five years as CEO and a member of the
Board of Directors. Deno will continue in his current role until a
successor is named and a successful transition period is completed.
The company’s Board of Directors will conduct a search for Deno’s
successor.
“David has strengthened the financial foundation at Bloomin’
Brands through better profitability and a stronger balance sheet,
which is especially impressive given nearly half of his CEO tenure
was during COVID,” said Michael Mohan, Chairman of the Bloomin’
Brands Board of Directors. “He is also credited with optimizing our
international presence, especially in Brazil.”
“Conversations regarding the timing of this transition began in
2023 as a normal course of succession planning,” added Mohan. “The
Board is searching for a leader who will build upon David’s
commitment and dedication to all 87,000 employees of these great
brands.”
Deno joined Bloomin’ Brands in 2012 as Executive Vice President
and Chief Financial Officer (CFO) and has served on the company’s
Board of Directors since 2019 when he was named CEO. He joined the
company from Best Buy where he served as President of Asia and
Chief Financial Officer for the International Division. Deno also
spent 15 years with Pizza Hut and YUM Brands serving as CFO for
Pizza Hut, YUM Restaurants International and YUM Brands; he also
served as Chief Operating Officer of YUM Brands. This, coupled with
roles at Burger King, have resulted in a 40-year tenure primarily
in the hospitality industry. Last year, Deno was honored with the
International Foodservice Manufacturers Association (IFMA) Silver
Plate Award in recognition for his outstanding contribution to the
foodservice industry.
“It has been an honor to lead this great company of
restaurants,” said Deno. “I was very fortunate to be offered an
opportunity to work in this dynamic and rewarding industry. I have
enjoyed the challenge and thank all of those along the way who
helped guide my career. I love this company and plan to stay until
we find our next CEO.”
About Bloomin’ Brands, Inc.
Bloomin' Brands, Inc. is one of the largest casual dining
restaurant companies in the world with a portfolio of leading,
differentiated restaurant concepts. The Company has four
founder-inspired brands: Outback Steakhouse, Carrabba's Italian
Grill, Bonefish Grill and Fleming's Prime Steakhouse and Wine Bar.
The Company owns and operates more than 1,450 restaurants
throughout 46 states, Guam and 13 countries, some of which are
franchise locations. For more information, please visit
bloominbrands.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240507012192/en/
Cathie Koch Group Vice President, Corporate Affairs (813)
830-5127
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