09:50 AM EDT, 05/07/2024 (MT Newswires) -- Bloomin' Brands ( BLMN ) said Tuesday its Chief Executive David Deno is retiring.

He will stay in his role until a successor is appointed and a transition period is finalized, the company said.

The board will launch a search for a successor, Bloomin' Brands ( BLMN ) said.

The company's shares were falling 3.7% in recent early Tuesday trading.

Price: 24.04, Change: -0.92, Percent Change: -3.69