The parent of Outback Steakhouse has named a Best Buy executive and board member at one of its top casual dining rivals as its next chief financial officer.
David Deno replaces longtime CFO Dirk Montgomery, who moves to a new position as chief value chain officer overseeing productivity and efficiency initiatives at OSI Restaurant Partners LLC in Tampa.
Deno served as chief financial officer of Best Buy's international operations after 15 years with Pepsico's former Yum Brands restaurant unit. He agreed to resign from the board of Brinker International, owner of Chili's and Maggiano's Little Italy restaurants.
He arrives as OSI changes its name to Bloomin' Brands Inc. as a prelude to becoming a publicly traded stock again
The privately-held 1,400-store restaurant chain, which has $2.1 billion in debt, hopes to raise about $300 million from the stock issue, mostly to pay down debt.