BRINKER INTERNATIONAL, INC. ANNOUNCES CEO RETIREMENT AND SUCCESSION PLAN
WYMAN ROBERTS TO RETIRE, KEVIN HOCHMAN APPOINTED AS SUCCESSOR
DALLAS, Might 16, 2022 /PRNewswire/ — Brinker Intercontinental, Inc. (NYSE: Consume) introduced these days that Wyman Roberts will retire as Chief Executive Officer and President of the corporation, President of Chili’s® Grill & Bar and as a member of the Board of Administrators productive June 5, 2022. Roberts, 63, will keep on to provide the enterprise in an advisory purpose for 12 months as element of the company’s succession strategy.
The Board of Directors appointed Kevin Hochman, 48, as President and CEO of Brinker Global, President of Chili’s, and as a member of the Board of Administrators efficient June 6, 2022.
“After an extended research for a successor, the Board is happy to have Kevin provide as Brinker’s following CEO,” claimed Joe DePinto, Chairman of the Board. “Kevin is a proficient chief and revolutionary thinker with strategic eyesight, passion and a profitable monitor history of setting up makes. We are self-assured he will generate shareholder worth and sustain the company’s lifestyle as we perform to bring Chili’s, Maggiano’s and our digital makes to even a lot more Guests.”
“On behalf of the Board of Administrators and tens of countless numbers of Staff Users, I want to thank Wyman for his devotion and management at Brinker for the past 17 decades,” reported DePinto. “Wyman is a chief with that special ability to make massive strategic selections in a way that tends to make unique Attendees experience unique at tables in our dining establishments all over the world. His expenditure in persons and the up coming generation of leaders, together with his financial investment in running units and new technologies, have developed our brand names via unpredictable worries and set up our company for ongoing achievements in the future. Wyman leaves a legacy that will keep on to positively impression Brinker, its Workforce Customers and Guests for decades to come.”
Roberts has served as Chief Govt Officer and President of the enterprise and as a member of the Board of Directors because January 2013, and in numerous other executive roles with the firm due to the fact August 2005, which includes President of Chili’s, Main Marketing and advertising Officer of Brinker and President of Maggiano’s Very little Italy®.
“Considering the fact that setting up with Brinker 17 decades back, I have been encouraged by the passion for creating Visitors feel particular that our ChiliHeads, Maggiano’s Teammates and BrinkerHeads deliver to our restaurants every single single day,” explained Roberts. “It has been a privilege to lead and be a element of this wonderful organization. I am amazed with Kevin’s character and leadership skills, and I search ahead to looking at him consider our company to the subsequent degree of good results as we make this changeover.”
Known as an extraordinary model builder and innovation chief, Hochman provides significant practical experience and experience to Brinker. Hochman most not long ago served as President and Main Notion Officer of KFC, U.S., obtaining been appointed to that situation in March 2017. He concurrently served as President of Pizza Hut, U.S. from December 2019 to January 2022, and beforehand served as Chief Marketing Officer of KFC, U.S. from January 2014 to February 2017. Prior to that Hochman worked at Procter & Gamble for more than 18 many years in a variety of brand administration and marketing and advertising roles.
“I am honored to be appointed Brinker’s President and CEO and value the assistance of Wyman and the Board,” said Hochman. “I have been pretty amazed with our operations and technology and see huge opportunity for increasing our legendary Chili’s and Maggiano’s makes. Brinker’s mission is about building people really feel specific, and which is a little something I’ve tried using to do in the course of my profession. I glimpse forward to working with our Brinker group to accelerate expansion by developing lasting and much more recurrent connections with our Friends and Group Members.”
About Brinker International, Inc.
Brinker International, Inc. (NYSE: Consume) is one particular of the world’s main everyday dining restaurant organizations and residence of Chili’s® Grill & Bar, Maggiano’s Little Italy® and two virtual brand names: It is really Just Wings® and Maggiano’s® Italian Classics. Started by Norman Brinker in Dallas, Texas, we’ve ventured considerably from house, but stayed legitimate to our roots. Brinker owns, operates or franchises additional than 1,600 eating places in 29 nations around the world and two U.S. territories. Our enthusiasm is building people sense particular, and we hope you really feel that enthusiasm each individual time you pay a visit to just one of our dining places or invite us into your property by takeout or shipping. Learn a lot more about Brinker and its brand names at brinker.com.
Ahead Seeking Statements
The statements and tables contained in this launch that are not historic info are ahead-hunting statements within the indicating of Segment 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-hunting statements to be coated by the safe harbor provisions of the Non-public Securities Litigation Reform Act of 1995. All forward-on the lookout statements are built only based on our current programs and expectations as of the date such statements are built, and we undertake no obligation to update ahead-hunting statements to reflect activities or instances arising immediately after the date these types of statements are created. Ahead-on the lookout statements are neither predictions nor assures of future gatherings or functionality and are topic to dangers and uncertainties which could result in genuine outcomes to vary materially from our historic success or from individuals projected in ahead-searching statements. These kinds of dangers and uncertainties include, amongst other factors, uncertainty of the magnitude, period, geographic get to and effects of the coronavirus (“COVID-19”) pandemic on local, nationwide and world wide economies the present-day, and uncertain future, affect of the COVID-19 pandemic and governments’ responses to it on our marketplace, organization, expansion, status, projections, prospective customers, financial condition, functions, hard cash flows, and liquidity the effect of levels of competition modifications in consumer preferences customer perception of foodstuff safety reduced disposable earnings unfavorable publicity elevated bare minimum wages governmental rules the influence of mergers, acquisitions, divestitures and other strategic transactions the Company’s potential to satisfy its organization tactic approach loss of essential administration staff failure to employ the service of and retain high-top quality restaurant administration the effect of social media failure to safeguard the stability of details of our guests and team customers item availability regional company and economic disorders litigation franchisee accomplishment inflation changes in the retail market technological know-how failures failure to defend our mental house outsourcing impairment of goodwill or property failure to sustain successful inner management over monetary reporting steps of activist shareholders adverse climate conditions terrorist functions well being epidemics or pandemics (this kind of as COVID-19) and tax reform as well as the threats and uncertainties described in “Possibility Things” in our Annual Report on Kind 10-K and future filings with the Securities and Exchange Fee.
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