GLENDALE, Calif.--(BUSINESS WIRE)--Feb. 2, 2012--
DineEquity, Inc. (NYSE: DIN), the parent company of Applebee's
Neighborhood Grill & Bar and IHOP Restaurants, today announced the
appointment of Stephen P. Joyce to the Company’s board of directors,
effective immediately. The Board of Directors increased its size from 10
to 11 members, and Mr. Joyce was appointed to fill the vacancy created
by the increase. He is an independent director who will serve as a Class
III director with a term expiring at the Company’s 2012 annual meeting
of stockholders.
“We are excited to add the exceptional talents and proven experience of
Steve Joyce to DineEquity’s board of directors,” said chairman and chief
executive officer Julia Stewart. “His decades-long record of growing and
developing franchised hospitality brands worldwide is highlighted by
continuous market share growth and new market expansion,” Stewart added.
“Steve is especially well suited to DineEquity’s own franchise-driven
business model and we look forward to his strategic contributions and
thought leadership.” As president and chief executive officer of Choice
Hotels International, Joyce leads one of the largest and most successful
lodging companies in the world, with over 6,100 hotels under 11 flagship
property names including Comfort Inn, Comfort Suites, Cambria Suites,
Quality, Sleep Inn, Clarion, Econo Lodge and others. He also serves as
National Chairman of the U.S. Travel Association (USTA), secretary and a
member of the executive committee of the International Franchise
Association (IFA), and in leadership roles for the American Hotel &
Lodging Association (AHLA).
Mr. Joyce, 51, has served as president and chief executive officer of
Choice Hotels International, Inc. since June 2008, where he has also
been a director since 2008. From May to June 2008, he served as
president and chief operating officer of Choice Hotels. Previously,
Joyce was with Marriott International, Inc. for 26 years, where he
attained the role of executive vice president, global development/owner
and franchise services, in addition to holding other leadership
positions. He received a bachelor’s degree in commerce from the
University of Virginia and has completed graduate work at Cornell
University, Wharton Business School and the Aspen Institute.
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 3,500
restaurants combined in 18 countries, over 400 franchisees and nearly
175,000 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 the Company's Web site located at www.dineequity.com.
Source: DineEquity, Inc.
Investor Contact
DineEquity,
Inc.
Ken Diptee, 818-637-3629
Director, Investor Relations
or
Media
Contact
Sard Verbinnen & Co.
Lucy Neugart,
415-618-8750
