GLENDALE, Calif. -- (Business Wire)
DineEquity, Inc. (NYSE: DIN), the parent company of Applebee's
Neighborhood Grill & Bar and IHOP Restaurants, today announced the
appointment of Douglas M. Pasquale to the Company’s board of directors,
effective immediately. The board of directors increased its size from 10
to 11 members, and Mr. Pasquale was appointed to fill the vacancy
created by the increase. Mr. Pasquale is an independent director who
will serve as a Class II director with a term expiring at the Company’s
2014 annual meeting of stockholders.
“We are very pleased to add the exceptional talents of Doug Pasquale to
DineEquity’s board of directors,” said chairman and chief executive
officer Julia Stewart. “Doug is well suited to join our board, and
brings with him extensive experience and strong skills in management,
accounting and strategic planning.”
Mr. Pasquale, 58, served as senior advisor to the chairman and chief
executive officer of Ventas, Inc. (NYSE: VTR) from July 2011 to December
2011 upon its acquisition of Nationwide Health Properties, Inc. (NYSE:
NHP), a real estate investment trust that invested in medical office
buildings, senior housing and long-term care facilities. Mr. Pasquale
was also appointed to the board of directors of Ventas on July 1, 2011
and continues to serve on that board. Prior to the acquisition of
Nationwide Health Properties by Ventas, Mr. Pasquale served as chairman
of the board of directors of Nationwide Health Properties, Inc. from May
2009 to July 2011, as president and chief executive officer of
Nationwide Health Properties from April 2004 to July 2011, and as
executive vice president and chief operating officer of Nationwide
Health Properties from November 2003 to April 2004. He also was a
director of Nationwide Health Properties from November 2003 to July
2011. Mr. Pasquale previously served in various roles (most recently
chairman and chief executive officer) at ARV Assisted Living, Inc., an
owner and operator of assisted living facilities, from June 1998 to
September 2003 and concurrently served as president and chief executive
officer of Atria Senior Living Group, Inc. from April 2003 to September
2003. He also served as president and chief executive officer of
Richfield Hospitality Services, Inc. and Regal Hotels
International-North America from 1996 to 1998 and as its chief financial
officer from 1994 to 1996.
In addition to Ventas, Inc., Mr. Pasquale currently serves as a member
of the boards of directors of Alexander and Baldwin, Inc. (NYSE: ALEX),
Terreno Realty Corporation (NYSE: TRNO) and Sunstone Hotel Investors,
Inc. (NYSE: SHO). He received a bachelor’s degree in accounting and an
MBA from the University of Colorado.
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 17 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 the Company's Web site located at www.dineequity.com.
Executive Director, Investor Relations
Sard Verbinnen & Co.
Source: DineEquity, Inc.
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