Bloomin' Brands, Inc. (NASDAQ: BLMN) has announced the appointment of James (Jim) Dinkins to its board of directors, effective February 12, 2025, increasing the board's size from ten to 11 members. Dinkins, currently the Chief Executive Officer of The Honey Baked Ham Company LLC, brings extensive experience from his prior leadership roles at The Coca-Cola Company and The Procter & Gamble Company.
Dinkins' appointment is expected to bring additional insights to the board's decision-making, particularly in the areas of supply side of the foodservice industry, franchising, and strategic marketing. His 40-year career boasts significant contributions to brand strategy, product innovation, and consumer engagement initiatives across multiple beverage categories at The Coca-Cola Company.
In terms of financial metrics, Bloomin' Brands, Inc. is one of the largest casual dining restaurant companies globally, with a portfolio of four founder-inspired brands: Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar. The company owns, operates, and franchises more than 1,450 restaurants across 46 states, Guam, and 13 countries.
There are no specific financial metrics provided in the press release, and as such, the impact of Dinkins' appointment on Bloomin' Brands, Inc.'s financial performance or strategic direction cannot be determined from the information provided. Today the company's shares have moved -1.9% to a price of $11.34. For more information, read the company's full 8-K submission here.