Brinker International Promotes George Felix to EVP, CMO; Increases CFO Mika Ware's Compensation
Summary
Brinker International promoted George Felix to EVP, Chief Marketing Officer, expanding his role to both Chili's and Maggiano's, and increased CFO Mika Ware's compensation for high performance.
Key Events
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George Felix Promoted to EVP, CMO
George Felix was promoted to Executive Vice President and Chief Marketing Officer, now overseeing marketing strategy for both Chili's Grill & Bar and Maggiano's Little Italy. His new compensation includes an annual base salary of $600,000, a target bonus of 75% of base salary, and annual equity awards valued at $750,000.
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CFO Mika Ware Receives Compensation Increase
Mika Ware, Executive Vice President and Chief Financial Officer, received a compensation increase to an annual base salary of $675,000, with a 75% target bonus and annual equity awards valued at $900,000. This increase recognizes her high performance and aims to align her total compensation with peer group medians.
Analysis
Brinker International announced the promotion of George Felix to Executive Vice President and Chief Marketing Officer, expanding his successful marketing leadership from Chili's to include Maggiano's. Concurrently, CFO Mika Ware received a compensation increase, reflecting her high performance and aligning her pay with market benchmarks. These moves signal stability in key leadership roles and a commitment to rewarding top talent, particularly Felix, who is credited with significant brand and market cap growth during his tenure at Chili's.
At the time of this filing, EAT was trading at $142.41 on NYSE in the Trade & Services sector, with a market capitalization of approximately $6.2B. The 52-week trading range was $100.30 to $187.12. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.