Bloomin' Brands, Inc. Announces Board Appointments
January 23, 2024
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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.
Bloomin Brands, Inc. is a casual dining restaurant company. It has four founder-inspired brands: Outback Steakhouse, Carrabbas Italian Grill, BonefishGrill, and Flemings Prime Steakhouse & Wine Bar. Outback Steakhouse is a casual steakhouse restaurant concept focused on steaks, bold flavors and Australian decor. Carrabbas Italian Grill offers authentic Italian cuisine passed down from its founder's family recipes. Bonefish Grill specializes in fish from around the world, hand-cut in-house every day, savory wood-grilled specialties, and locally created seasonal partner selection dishes. Flemings Prime Steakhouse & Wine Bar is a contemporary interpretation of the classic American steakhouse, boasting culinary mastery, signature style and unrivaled attentive service to create memorable dining experiences for guests. It owns and operates more than 1,450 restaurants in 47 states, Guam and 13 countries, some of which are franchise locations. It has two segments: U.S. and international.