Leadership

Outback Steakhouse parent Bloomin' Brands promotes Michael Healy to CFO

The longtime Bloomin’ official was most recently the company’s head of global business development. He replaces Chris Meyer, who is retiring.
Outback Steakhouse sign
Healy was CFO of Outback from 2012 to 2019. | Photo: Shutterstock

Bloomin’ Brands, the owner of Outback Steakhouse, Carrabba’s Italian Grill and other casual-dining chains, has promoted Michael Healy to CFO, the company said Thursday in an SEC filing.

Healy, who is 49, has been with Tampa-based Bloomin’ for 15 years. He was most recently its EVP of global business development and strategy, a role he assumed in November. Before that, he was president of Bonefish Grill. He was also CFO of Outback Steakhouse from 2012 to 2019.

He replaces former CFO Chris Meyer, who announced his retirement in February.

Healy’s contract includes a base salary of $550,000, an annual target bonus of 85% of his base salary and an annual target equity award with a value of $750,000, according to the filing.

Bloomin’ is currently facing pressure from activist investor Starboard Value to improve its operations in an effort to boost returns for shareholders. It is also in the midst of closing 41 underperforming restaurants and opening another 45 this year. 

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