STOCK TITAN

Brinker International, Inc. Announces Retirement of George Mrkonic from Board of Directors

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary

Brinker International (NYSE: EAT) announced the retirement of board member George R. Mrkonic effective November 17, 2021. Mrkonic has served on the board since September 2003, including roles as vice-chairman and chairman of the Compensation Committee. His contributions highlighted his global leadership experience and expertise in retail. CEO Wyman Roberts and chairman Joseph M. DePinto expressed gratitude for his insights and strategic input that supported Brinker's growth in the casual dining sector. Brinker operates 1,657 restaurants under Chili's and Maggiano's brands.

Positive
  • Retirement opens opportunity for new leadership perspectives.
  • Mrkonic's extensive experience in retail may lead to improved strategic direction.
  • His tenure resulted in significant contributions to the company’s growth.
Negative
  • Concerns about continuity and experience gap in board dynamics.

DALLAS, July 15, 2021 /PRNewswire/ -- Brinker International, Inc. (NYSE: EAT), a recognized leader in casual dining, announced today that George R. Mrkonic is retiring from the company's board of directors at the end of his current term of service on Nov. 17, 2021.

Mrkonic joined Brinker's board of directors in September 2003 and has served as vice-chairman of the board since November 2013 and as chairman of the Compensation Committee since October 2015. He also currently serves on the Governance and Nominating Committee.

"For 18 years George has provided incredible value to Brinker and our brands by providing counsel from his global leadership experience and expertise in retail industries, customer insights, economic conditions and capital markets," said Wyman Roberts, Brinker chief executive officer and president. "I appreciate George's insights and support in shaping and building Brinker's best-in-class leadership team, and wish him the best following his retirement."

Mrkonic will continue to serve as the non-executive chairman of MARU Group and on the board of directors for AutoZone, Inc. and Ulta Salon, Cosmetics & Fragrance, Inc.

"George has been an instrumental leader on the board and has brought a wealth of knowledge, experience and strategic thought to support Brinker in its growth and leadership in the casual dining industry," said Joseph M. DePinto, chairman of the board for Brinker. "I am grateful for George's counsel and contributions over almost two decades. His leadership and collaboration will be missed."

ABOUT BRINKER
Brinker International, Inc. is one of the world's leading casual dining restaurant companies. Based in Dallas, as of March 21, 2021, Brinker owned, operated, or franchised 1,657 restaurants under the names Chili's® Grill & Bar (1,603 restaurants) and Maggiano's Little Italy® (54 restaurants).

Cision View original content:https://www.prnewswire.com/news-releases/brinker-international-inc-announces-retirement-of-george-mrkonic-from-board-of-directors-301335177.html

SOURCE Brinker International, Inc.

FAQ

What is the effective retirement date of George R. Mrkonic from Brinker International's board?

George R. Mrkonic will retire from the board of directors on November 17, 2021.

How long did George R. Mrkonic serve on the board of Brinker International?

George R. Mrkonic served on Brinker's board for 18 years since September 2003.

What roles did George R. Mrkonic hold during his time at Brinker International?

Mrkonic served as vice-chairman, chairman of the Compensation Committee, and was a member of the Governance and Nominating Committee.

Who has expressed appreciation for Mrkonic's contributions at Brinker International?

Both CEO Wyman Roberts and chairman Joseph M. DePinto have expressed gratitude for Mrkonic's insights and support.

What impact might Mrkonic's retirement have on Brinker International?

His retirement may lead to a shift in board dynamics and potential strategic changes in the company's direction.

Brinker International, Inc.

NYSE:EAT

EAT Rankings

EAT Latest News

EAT Stock Data

5.84B
43.68M
1.45%
113.51%
12.36%
Restaurants
Retail-eating Places
Link
United States of America
DALLAS