Bloomin’ Brands Announces Board of Directors Changes
July 02 2020 - 8:00AM
Business Wire
John P. Gainor, Jr. and Lawrence V. Jackson
Join the Board
Bloomin’ Brands, Inc. (Nasdaq: BLMN) and JANA Partners LLC today
announced the addition of John P. Gainor, Jr. and Lawrence V.
Jackson to the Bloomin’ Brands Board of Directors. In April, the
two companies announced an agreement that included an increase to
the size of the Board to ten members. The new positions filled by
Gainor and Jackson became effective July 1, 2020.
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John P. Gainor, Jr. (Photo: Business
Wire)
Gainor served as the President and Chief Executive Officer (CEO)
of International Dairy Queen, a franchisor of quick service
restaurants, and a subsidiary of Berkshire Hathaway from 2008 until
he retired in 2017. He joined Dairy Queen in 2003 and served as the
Chief Supply Chain Officer prior to his role as CEO. Gainor is also
a member of the Board of Directors for Jack in the Box, Inc. and
Saia, Inc.
Jackson served as President and CEO of Global Procurement and
Executive Vice President and Chief People Officer at Walmart, and
in various executive roles at Dollar General Corporation, Safeway,
Inc., and PepsiCo, Inc. He is currently a Senior Advisor at New
Mountain Capital, LLC. Jackson also serves as Chairman of the Board
for SourceMark, LLC; he was CEO of SourceMark from 2010-2012.
“John and Lawrence bring new and valuable expertise that will
complement our Board of Directors,” said Jim Craigie, Chairman of
the Board. “John’s deep restaurant and franchising experience,
coupled with Lawrence’s restaurant background, private equity
experience and leadership in the global procurement space, will
improve our ability to maximize shareholder value.”
David Deno, CEO of Bloomin’ Brands, Inc. added, “We selected
these individuals with JANA Partners because each of these industry
veterans bring unique perspectives that will be invaluable for
creating long-term sustainable growth. I look forward to working
with them.”
“We have developed a good working relationship with the Board of
Directors and Dave and hold John and Lawrence in the highest
regard,” said Barry Rosenstein, Managing Partner of JANA Partners.
“We are encouraged by the steps the Company has been taking,
including these director additions, and by the Board’s ongoing
commitment to pursuing all avenues to create stockholder
value.”
In addition to serving on the Board of Directors, Gainor will
serve on the Nominating and Corporate Governance Committee. Jackson
will serve on the Audit Committee.
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 brands. The Company has four
founder-inspired brands: Outback Steakhouse, Carrabba's Italian
Grill, Bonefish Grill, Fleming's Prime Steakhouse & Wine Bar.
The Company operates more than 1,450 restaurants in 48 states,
Puerto Rico, Guam and 20 countries, some of which are franchise
locations. For more information, please visit
www.bloominbrands.com.
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Cathie Koch Group Vice President, Corporate Affairs (813)
830-5127
Bloomin Brands (NASDAQ:BLMN)
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