Julia Stewart worked seven years as a senior leader at Taco Bell before becoming Applebee's president in 1998. She left Applebee's after three years following denial of a promised promotion to CEO, during which company and franchise sales and stock price rose. Stewart joined IHOP as chair and CEO in 2001. In November 2007 IHOP acquired Applebee's for $2.1 billion; Stewart called the Applebee's chair and CEO to inform him that the combined company did not need two leaders and that he would be let go. Stewart served as chair and CEO of Dine Brands Global for another decade and remains active on boards and in startups at 70.
After seven years as a senior leader at Taco Bell, Julia Stewart joined Applebee's as president in 1998. She left after three years when she was denied a promotion to CEO, she says, despite being promised and earning the role - during her tenure, company and franchise sales skyrocketed, and so did the stock price, per Fortune. Soon after the snub, she joined IHOP as chair and CEO in 2001, per LinkedIn.
"I called the chair and CEO of Applebee's, and I said, 'Just wanted to say hi.' And he said, 'I was expecting this call,'" Stewart recently told The Matthews Mentality Podcast. "And I said, 'As you know, this morning, we announced that we have purchased, for $2.3 billion, the company, and we don't need two of us, so I'm gonna have to let you go.'"
Collection
[
|
...
]