Bloomin' Brands Announces Board Changes; Rohit Lal Appointed New Independent Director; R. Michael Mohan Named Chairman; Jim Craigie Retires As Chairman And Director
Portfolio Pulse from Happy Mohamed
Bloomin' Brands, Inc. (NASDAQ:BLMN) has announced changes to its board of directors. Rohit Lal, currently Executive Vice President and Chief Information Officer for Saia Inc., has been appointed as a new independent director. R. Michael Mohan, a director since 2017, has been named Chairman of the Board, succeeding Jim Craigie who has retired. These changes are part of the company's ongoing board refreshment and succession planning.
August 28, 2023 | 1:16 pm
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Bloomin' Brands has made significant changes to its board, which could potentially impact the company's strategic direction. The new appointments bring expertise in digital transformation, supply chain logistics, and cybersecurity.
Changes in a company's board can potentially impact its strategic direction. The new appointments bring in expertise in areas that are critical to the company's operations and future growth. However, it's too early to predict the exact impact on the company's stock price.
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IMPORTANCE 75
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