– USA, FL – Bloomin’ Brands, Inc. (Nasdaq: BLMN) today announced the addition of John P. Gainor, Jr. and Lawrence V. Jackson to its Board of Directors, effective July 1, 2020.
“John and Lawrence bring new and valuable expertise that will complement our Board of Directors,” said Board Chairman, Jim Craigie. “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.”
In April, Bloomin’ Brands, Inc. and JANA Partners LLC announced an agreement that included an increase in the size of the Board to ten members.
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 John Gainor, Jr.
Gainor served as the President and 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.
About Lawrence Jackson
Jackson served as President and CEO of Global Procurement and Executive VP 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.
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: https://www.bloominbrands.com
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