Bloomin’ Brands (BLMN) has issued an announcement.
Bloomin’ Brands, Inc. is set for a leadership change as Michael L. “Mike” Spanos steps in as the new CEO and director starting September 3, 2024, taking over from the retiring David J. Deno. Spanos brings a wealth of experience from his time at Delta Airlines, Six Flags, and a 25-year tenure at PepsiCo, along with his early service in the U.S. Marine Corps. His substantial compensation package includes a $1 million base salary, potential bonuses, stock awards, and additional benefits, ensuring a smooth transition at the helm of the company, while executive Brett Patterson moves on to a new opportunity.
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