Bloomin’ Brands Names Michael L. Spanos As Chief Executive Officer
Bloomin' Brands, Inc. (NASDAQ: BLMN) has announced the appointment of Michael L. 'Mike' Spanos as its new Chief Executive Officer, effective September 3, 2024. Spanos, who will also join the Board of Directors, comes from Delta Air Lines where he served as Executive Vice President and Chief Operating Officer. He succeeds David Deno, who announced his planned retirement on May 7, 2024.
Spanos brings extensive experience in leading complex, multi-unit businesses, having previously served as CEO of Six Flags Entertainment and held various leadership positions at PepsiCo. The Board of Directors believes his customer-first mindset and operational expertise will benefit Bloomin' Brands' portfolio of restaurant concepts, which includes Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar.
Bloomin' Brands, Inc. (NASDAQ: BLMN) ha annunciato la nomina di Michael L. 'Mike' Spanos come nuovo Amministratore Delegato, con effetto dal 3 settembre 2024. Spanos, che entrerà anche a far parte del Consiglio di Amministrazione, proviene da Delta Air Lines, dove ha ricoperto il ruolo di Vicepresidente Esecutivo e Direttore Operativo. Sostituisce David Deno, che ha annunciato la sua intenzione di andare in pensione il 7 maggio 2024.
Spanos porta con sé una vasta esperienza nella gestione di attività complesse e multi-unità, avendo precedentemente ricoperto il ruolo di CEO di Six Flags Entertainment e detenuto varie posizioni di leadership in PepsiCo. Il Consiglio di Amministrazione crede che la sua mentalità orientata al cliente e la sua esperienza operativa porteranno benefici al portafoglio di concetti ristorativi di Bloomin' Brands, che include Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill e Fleming's Prime Steakhouse & Wine Bar.
Bloomin' Brands, Inc. (NASDAQ: BLMN) ha anunciado el nombramiento de Michael L. 'Mike' Spanos como su nuevo Director Ejecutivo, con efecto a partir del 3 de septiembre de 2024. Spanos, quien también se unirá a la Junta Directiva, proviene de Delta Air Lines, donde se desempeñó como Vicepresidente Ejecutivo y Director de Operaciones. Sucede a David Deno, quien anunció su plan de jubilación el 7 de mayo de 2024.
Spanos aporta una extensa experiencia en la dirección de negocios complejos y de varias unidades, habiendo sido previamente CEO de Six Flags Entertainment y ocupando varias posiciones de liderazgo en PepsiCo. La Junta Directiva cree que su mentalidad centrada en el cliente y su experiencia operativa beneficiarán el portafolio de conceptos de restaurantes de Bloomin' Brands, que incluye Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill y Fleming's Prime Steakhouse & Wine Bar.
블루민 브랜드 주식회사(Bloomin' Brands, Inc.) (NASDAQ: BLMN)는 마이클 L. '마이크' 스파노스를 새로운 최고 경영자로 임명했다고 발표했습니다. 이는 2024년 9월 3일부터 시행됩니다. 스파노스는 이사회에도 합류하며, 델타 항공에서 부사장 겸 운영 책임자로 근무했습니다. 그는 데이비드 디노 후임으로, 디노는 2024년 5월 7일에 은퇴 계획을 발표했습니다.
스파노스는 이전에 식스 플래그 엔터테인먼트의 CEO로 재직했으며 펩시코에서 여러 리더십 직책을 맡았던 복잡한 다수의 사업을 이끌어온 풍부한 경험을 가지고 있습니다. 이사회는 그의 고객 중심 사고 방식과 운영 전문성이 블루민 브랜드의 레스토랑 개념 포트폴리오에 이바지할 것이라고 믿습니다. 이 포트폴리오에는 아웃백 스테이크하우스, 카라바 이탈리아 그릴, 본피쉬 그릴, 플레밍스 프라임 스테이크하우스 & 와인 바가 포함됩니다.
Bloomin' Brands, Inc. (NASDAQ: BLMN) a annoncé la nomination de Michael L. 'Mike' Spanos en tant que nouveau directeur général, à compter du 3 septembre 2024. Spanos, qui rejoindra également le conseil d'administration, vient de Delta Air Lines, où il occupait le poste de vice-président exécutif et directeur des opérations. Il succède à David Deno, qui a annoncé son départ à la retraite prévu le 7 mai 2024.
Spanos apporte une vaste expérience dans la direction d'entreprises complexes et multi-unités, ayant été auparavant PDG de Six Flags Entertainment et ayant occupé divers postes de direction chez PepsiCo. Le conseil d'administration pense que son état d'esprit axé sur le client et son expertise opérationnelle bénéficieront au portefeuille de concepts de restauration de Bloomin' Brands, qui comprend Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill et Fleming's Prime Steakhouse & Wine Bar.
Bloomin' Brands, Inc. (NASDAQ: BLMN) hat die Ernennung von Michael L. 'Mike' Spanos zum neuen Chief Executive Officer bekannt gegeben, die am 3. September 2024 in Kraft tritt. Spanos, der auch in den Vorstand eintritt, kommt von Delta Air Lines, wo er als Executive Vice President und Chief Operating Officer tätig war. Er folgt auf David Deno, der am 7. Mai 2024 seinen geplanten Ruhestand angekündigt hat.
Spanos bringt umfassende Erfahrung in der Führung komplexer, mehrteiliger Unternehmen mit, nachdem er zuvor CEO von Six Flags Entertainment war und verschiedene Führungspositionen bei PepsiCo innehatte. Der Vorstand ist überzeugt, dass sein kundenorientierter Ansatz und seine betriebliche Expertise dem Portfolio der Restaurantkonzepte von Bloomin' Brands, zu dem Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill und Fleming's Prime Steakhouse & Wine Bar gehören, zugutekommen werden.
- Appointment of experienced CEO with background in multi-unit businesses and customer-focused operations
- New CEO brings expertise from leading companies like Delta Air Lines, Six Flags, and PepsiCo
- Smooth transition planned with former CEO serving in transitional role until December 31, 2024
- None.
Insights
The appointment of Mike Spanos as CEO of Bloomin' Brands marks a significant leadership transition for the company. His diverse experience in multi-unit businesses, particularly in the food and beverage industry with PepsiCo, aligns well with Bloomin' Brands' portfolio of restaurant concepts. The planned transition period from September to December 2024 suggests a thoughtful approach to leadership change, which could help maintain operational stability.
Spanos' background in customer experience and operations at Delta Air Lines could bring fresh perspectives to Bloomin' Brands' guest service strategies. His international experience, especially in China and the Asia-Middle East-North Africa sector, might signal potential for global expansion or optimization of the company's existing international presence.
While leadership changes can introduce uncertainty, the board's confidence in Spanos and the structured transition plan mitigate potential risks. Investors should monitor for any strategic shifts or operational changes in the coming year as Spanos takes the helm.
The appointment of Mike Spanos as CEO of Bloomin' Brands brings a mixed bag of experiences to the casual dining sector. While Spanos lacks direct restaurant chain management experience, his background in consumer-focused industries like airlines and theme parks could introduce innovative customer service approaches to Bloomin' Brands' operations.
His tenure at PepsiCo is particularly relevant, given the beverage supply dynamics in the restaurant industry. This could potentially lead to optimized beverage strategies or partnerships for Bloomin' Brands. However, investors should be cautious about the learning curve Spanos may face in adapting to the specific challenges of the casual dining segment, especially given the current inflationary pressures and labor market dynamics affecting the industry.
The transition period with outgoing CEO David Deno should help maintain continuity, but it will be important to watch for any changes in expansion strategies or menu innovations once Spanos fully takes over. His impact on same-store sales growth and operating margins will be key indicators to monitor in the coming quarters.
Mike Spanos will join Bloomin’ Brands on September 3, 2024.
Former CEO David Deno will serve in transitional role until December 31, 2024.
Spanos will also serve on the Board of Directors.
Spanos joins the company from Delta Air Lines where he served as Executive Vice President and Chief Operating Officer. In that role he led the global operations/customer experience team of 90,000 employees. Amongst his accomplishments there, Spanos helped advance Delta’s performance as the company continues to lead the industry across all operating metrics.
“We have found an ideal strategist, operations and cultural leader in Mike,” said Michael Mohan, Chairman of the Board for Bloomin’ Brands. “Our board believes that his experience operating complex, multi-unit businesses will benefit our iconic, founder-inspired brands. He has a customer-first mindset for leading established organizations through challenging environments. We look forward to his contributions to Bloomin’ Brands.”
“It is a privilege to be part of the Bloomin’ Brands team,” said Spanos. “We have such a classic set of heritage brands that my family and I have enjoyed over many years. I am excited to work together with our Team Members to deliver an outstanding guest experience. I thank David Deno for his leadership of our people and look forward to a smooth transition.”
“On behalf of the board, I thank David Deno for his leadership for the past 12 years, including the past five as Chief Executive Officer,” added Mohan. “He leaves the company with a strengthened financial foundation, a strong balance sheet and a leadership team dedicated to delivering long-term sustainable growth to our shareholders. We are grateful for his dedication.”
Prior to his service at Delta, Spanos led Six Flags Entertainment as CEO and President, and spent more than 25 years at PepsiCo and the Pepsi Bottling Group in various positions including President Greater China, CEO of Asia Middle East and
He is a non-executive director at Casey’s General Store where he is a member of 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 concepts. The Company has four founder-inspired brands: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. The Company owns and operates more than 1,450 restaurants in 46 states,
View source version on businesswire.com: https://www.businesswire.com/news/home/20240823465566/en/
Cathie Koch
Group Vice President, Corporate Affairs
(813) 830-5127
Source: Bloomin’ Brands, Inc.
FAQ
Who is the new CEO of Bloomin' Brands (BLMN)?
When will Mike Spanos start as CEO of Bloomin' Brands (BLMN)?
What is Mike Spanos' previous experience before joining Bloomin' Brands (BLMN)?
How many restaurants does Bloomin' Brands (BLMN) operate?
