Bloomin’ Brands starts start for a new CEO

The chief executive of Bloomin’ Brands is stepping down.

The casual dining restaurant company, whose brands Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill and Fleming's Prime Steakhouse and Wine Bar, said that that CEO David Deno will be retiring after 12 years with the company. He has spent the last five years as CEO and a member of board. 

Deno will remain as chief executive until a successor is named and a successful transition period is completed. The company’s board will conduct a search for his successor.

“David has strengthened the financial foundation at Bloomin’ Brands through better profitability and a stronger balance sheet, which is especially impressive given nearly half of his CEO tenure was during COVID,” said Michael Mohan, chairman. “He is also credited with optimizing our international presence, especially in Brazil.”

“Conversations regarding the timing of this transition began in 2023 as a normal course of succession planning,” added Mohan. “The board is searching for a leader who will build upon David’s commitment and dedication to all 87,000 employees of these great brands.”

Deno joined Bloomin’ Brands in 2012 as executive VP and CFO, coming from Best Buy where he served as president of Asia and CFO for the international division. He also spent 15 years with Pizza Hut and YUM! Brands serving as CFO for Pizza Hut.  

One of the largest casual dining restaurant companies, Bloomin’ Brands owns and operates more than 1,450 restaurants throughout 46 states, Guam and 13 countries, some of which are franchise locations. 

“It has been an honor to lead this great company of restaurants,” said Deno. “I was very fortunate to be offered an opportunity to work in this dynamic and rewarding industry. I have enjoyed the challenge and thank all of those along the way who helped guide my career. I love this company and plan to stay until we find our next CEO.”