– USA, FL – Bloomin’ Brands, Inc. (Nasdaq: BLMN) today announced the appointments of Dave George and Jon Sagal to its Board of Directors, effective immediately.
“We are pleased to welcome Dave and Jon to the Board. With more than 30 years of leadership experience in the restaurant industry, Dave is deeply familiar with the unique aspects of casual dining and has a proven record of driving growth and profitability. Jon brings valuable financial and investment acumen and further shareholder representation to the Board. We are confident Dave and Jon will further enhance our Board’s already diverse and proven expertise, and we look forward to benefiting from their perspectives as we advance our ongoing work to deliver a differentiated customer experience, drive sales and traffic and create value for all shareholders.” said Board chairman, Mike Mohan.
The Company also announced the formation of an Operating Committee of the Board 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.
About Dave George
Dave George most recently served as EVP, and COO at Darden Restaurants, a role he held from January 2018 to August 2020. He originally joined Darden in 2007 as a result of Darden’s acquisition of LongHorn Steakhouse as President, LongHorn Steakhouse. Mr. George was named President, of Olive Garden in 2013 and EVP, Darden in 2016.
Before his tenure at Darden, Mr. George served as SVP, of Operations for LongHorn Steakhouse from 2001 to 2003 and VP, of Operations for The Capital Grille from 2000 to 2001. Mr. George was formerly on the Board of Ziosk and is a National Trustee for Boys & Girls Clubs of America.
He graduated from Michigan State University, where he received a B.S. in Hotel and Restaurant Management, and currently serves on the advisory board of the Broad School of Business.
About Jon Sagal
Jon Sagal is a Partner at Starboard Value LP. Before joining Starboard in 2011, Mr. Sagal was an investment analyst at Casablanca Capital, an investment firm focused on shareholder activism. Previously, he was an investment analyst at Mill Road Capital, where he focused on long-term public and private equity investments in microcap companies, and Prentice Capital Management, where he focused on investments in consumer and retail companies. Before Prentice, he was an Investment Banking Analyst in the Mergers & Acquisitions group at Rothschild Inc.
Since 2019, Mr. Sagal has served on the board of directors of Acacia Research Corporation, an opportunistic capital platform with a strategy to purchase businesses based on the differentials between public and private market valuations, where he is Chair of the Strategic Committee and served on the Nominating, Corporate Governance & Sustainability Committee. Mr. Sagal also serves on the board of Microlumbia Impact Fund, a student-run non-profit fund at Columbia Business School that focuses on microfinance and impact investing.
Mr. Sagal received an M.B.A. from Columbia Business School and graduated from Princeton University, where he received an A.B. in Philosophy.
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 47 states, Guam, and 13 countries, some of which are franchise locations. For more information, please visit www.bloominbrands.com.
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