Management ChangeJun 2, 2026, 05:07 PM
Dine Brands Appoints Lawrence Y. Kim Chief Commercial Officer
AI Summary
Dine Brands Global, Inc. announced the appointment of Lawrence Y. Kim, President of the IHOP Business Unit, to the additional role of Chief Commercial Officer, effective June 1, 2026. In connection with this promotion, Mr. Kim's compensation package was significantly increased. His base salary and target annual bonus opportunity were raised, and he will receive substantial annual long-term equity incentive awards starting in 2027, along with a one-time performance-based retention award.
Key Highlights
- Lawrence Y. Kim appointed Chief Commercial Officer, effective June 1, 2026.
- Base salary increased to $850,000.
- Target annual bonus opportunity set at 125% of base salary.
- Eligible for annual long-term equity incentive awards with a target value of $2,000,000 starting 2027.
- Received a one-time retention award of restricted stock units valued at up to $3,000,000.
- Retention award vests on June 15, 2029, subject to performance and continuous employment.
Price Impact
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