DineEquity, Inc. (NYSE:DIN), the parent company of Applebee’s
Neighborhood Grill & Bar® and IHOP® restaurants, today announced the
appointment of Daniel del Olmo as president, international, effective
December 16, 2013. Mr. del Olmo, who most recently served as Senior Vice
President and Managing Director of Wyndham Hotel Group for Wyndham
Worldwide, was instrumental in the international growth of multiple
hotel brands at Wyndham.
DineEquity Names Daniel del Olmo President, International. (Photo: Business Wire)
With the hiring of Mr. del Olmo, DineEquity will for the first time
consolidate its international operations and development for the
Applebee’s and IHOP brands. Mr. del Olmo, who will be based in
DineEquity’s corporate headquarters in Glendale, CA, will lead a single
team that will serve the needs of international franchisees and work to
grow the global footprint of DineEquity’s iconic brands.
“A fundamental priority wherever we do business is to capitalize on
every opportunity to leverage the full power of DineEquity and help our
franchisees succeed and grow,” said Julia A. Stewart, DineEquity, Inc.
Chairman and Chief Executive Officer. “The success of all our
franchisees across the globe is our mission, and the key to the
worldwide success and growth of DineEquity is a focus on developing each
brand’s unique presence around the world. In Daniel, we have found a
tremendous leader who has a track record of success.”
Mr. del Olmo served 11 years at Wyndham in senior management positions
with global scope, and previously served in international roles with
Amadeus Global Travel Distribution and Melia Hotels International.
During his tenure, Wyndham’s international presence experienced
significant growth and now includes over 1,200 hotels in 66 countries.
Mr. del Olmo also laid the groundwork for future international growth
and oversaw the execution of several multi-unit transactions to develop
Super8 and Travelodge hotels in Brazil.
“Applebee’s and IHOP have great international appeal and tremendous
brand equity,” said Mr. del Olmo. “I’m excited by the opportunity to
lead a great team that has the opportunity to enhance operations for
both brands in existing markets and to strategically bring the quality
food and dining experience each are known for to new countries around
the world.”
About DineEquity, Inc.
Based in Glendale, California, DineEquity, Inc., through its
subsidiaries, franchises and operates restaurants under the Applebee’s
Neighborhood Grill & Bar and IHOP brands. With more than 3,600
restaurants combined in 19 countries, over 400 franchisees and
approximately 200,000 team members (including franchisee- and
company-operated restaurant employees), DineEquity is one of the largest
full-service restaurant companies in the world. For more information on
DineEquity, visit www.dineequity.com.
Forward-Looking Statements
Statements contained in this press release may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. You can identify these forward-looking
statements by words such as "may," "will," "should," "expect,"
"anticipate," "believe," "estimate," "intend," "plan" and other similar
expressions. These statements involve known and unknown risks,
uncertainties and other factors, which may cause actual results to be
materially different from those expressed or implied in such statements.
These factors include, but are not limited to: the effect of general
economic conditions; the Company's indebtedness; risk of future
impairment charges; trading volatility and the price of the Company’s
common stock; the Company's results in any given period differing from
guidance provided to the public; the highly competitive nature of the
restaurant business; the Company's business strategy failing to achieve
anticipated results; risks associated with the restaurant industry;
risks associated with locations of current and future restaurants;
rising costs for food commodities and utilities; shortages or
interruptions in the supply or delivery of food; ineffective marketing
and guest relationship initiatives and use of social media; changing
health or dietary preferences; our engagement in business in foreign
markets; harm to our brands' reputation; litigation; third-party claims
with respect to intellectual property assets; environmental liability;
liability relating to employees; failure to comply with applicable laws
and regulations; failure to effectively implement restaurant development
plans; our dependence upon our franchisees; concentration of Applebee's
franchised restaurants in a limited number of franchisees; credit risk
from IHOP franchisees operating under our previous business model;
termination or non-renewal of franchise agreements; franchisees
breaching their franchise agreements; insolvency proceedings involving
franchisees; changes in the number and quality of franchisees; inability
of franchisees to fund capital expenditures; heavy dependence on
information technology; the occurrence of cyber incidents or a
deficiency in our cybersecurity; failure to execute on a business
continuity plan; inability to attract and retain talented employees;
risks associated with retail brand initiatives; failure of our internal
controls; and other factors discussed from time to time in the Company's
Annual and Quarterly Reports on Forms 10-K and 10-Q and in the Company's
other filings with the Securities and Exchange Commission. The
forward-looking statements contained in this release are made as of the
date hereof and the Company assumes no obligation to update or
supplement any forward-looking statements.
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