Bloomin' Brands (NASDAQ:BLMN) has announced the appointment of Michael L. "Mike" Spanos as its new Chief Executive Officer, effective September 3, 2024.
Current CEO David Deno will retire but remain with the company through December 31, 2024, to ensure a smooth transition.
Spanos transitions into this role after a notable tenure at Delta Air Lines, where he served as Executive Vice President and Chief Operating Officer.
During his time at Delta, he was at the helm of the global operations/customer experience division, managing a workforce of 90,000 employees and significantly advancing Delta's industry-leading performance metrics.
Michael Mohan, chairman of the board at Bloomin’ Brands, expressed confidence in the new appointment, stating, “Mike is an ideal blend of strategist, operations expert, and cultural leader.”
“His proven track record in steering complex, multi-unit businesses and his customer-first approach are exactly what Bloomin’ Brands needs. We are excited about the expertise he brings to our iconic brands,” he added.
Spanos himself expressed enthusiasm about his news role, stating, "It is a privilege to be part of the Bloomin’ Brands team. I look forward to working together with our team members to deliver an outstanding guest experience."
Following the announcement, Bloomin' Brands share price remained steady at $18.18