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CEO says the operator is “a company in transition”
February 20, 2018
DineEquity Inc., the parent company of Applebee’s Neighborhood Grill & Bar and IHOP, has changed its name to Dine Brands Global Inc., the Glendale, Calif.-based operator said Tuesday.
“We are a company in transition,” said Stephen P. Joyce, CEO of Dine Brands, during the company’s fourth-quarter earnings call.
“Our new company name reflects a shift in strategy and a values-based performance culture with greater autonomy and accountability at the brand level,” Joyce said in a release. “We are focused on returning to a growth company and delivering strong returns to our shareholders.”
Joyce has been with the company since September 2017.
“We continue to make excellent progress against our plan to stabilize and grow performance at both brands,”...
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