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International Business Times
International Business Times
Bruce Golding

Outback Steakhouse Parent Company Names New CEO As It Struggles With Falling Stock Price

Outback Steakhouse Mike Spanos United States Bloomin Brands David Deno Michael Mohan
Customers arrive at an Outback Steakhouse restaurant in Skokie, Ill., on Nov. 2, 2021. (Credit: Scott Olson/Getty Images)

The parent company of the Outback Steakhouse restaurant chain announced a leadership change Monday as it struggles with a 35% slide in its stock price this year.

Mike Spanos will become CEO of Bloomin' Brands and join its board of directors on Sept. 3, the company said in a statement.

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