Bloomin' Brands, Inc. has reported the appointment of Dave George, former Chief Operating Officer of Darden Restaurants, and Jon Sagal, Partner at Starboard Value LP (together with certain of its affiliates, Starboard), to the Company's Board of Directors. Bloomin' Brands said the appointments have been made in connection with a cooperation agreement entered into between the Company and Starboard, which owns approximately 9.7% of the Company's outstanding common stock, and reflect the Company's ongoing commitment to constructive shareholder engagement. According to a release, in addition, the Company reported the formation of an Operating Committee of the Board.
This Committee will work with management to identify and recommend opportunities for further improvement related
to various corporate and operational matters. Dave George will serve as the Chair of the Committee, and Jon
Sagal and current directors Mike Mohan and John Mahoney have been appointed as members.