Denny’s Corporation Executes Management Succession Plan by Appointing Kelli Valade as Chief Executive Officer and President

Denny’s Corporation

SPARTANBURG, South Carolina, May 03, 2022 (GLOBE NEWSWIRE) — Denny’s Corporation (NASDAQ: DENN) today announced the appointment of Kelli Valade as Chief Executive Officer and President, effective June 13, 2022. Ms. Valade will succeed to John Miller, who previously announced his retirement, effective August 3, 2022. The company also announced the retirement of Denny’s Chairman Mark Wolfinger, who served Denny’s for 17 years, effective June 1, 2022. Mr. Miller and Mr. Wolfinger will retain their current positions on the Board of Directors, which will help ensure a smooth transition.

“The Denny’s Board of Directors has conducted extensive research to identify a strategic, forward-thinking CEO and Chairman who will build on the successful leadership and growth established by John and Mark. In appointing Kelli, we have found a recognized leader in the restaurant industry with the right combination of talent and experience to accelerate the current momentum of the Denny’s brand. The future for Denny’s is bright and we are excited to have him at the helm as we build on our past successes,” said Brenda Lauderback, Chair of Denny’s Board of Directors. “On behalf of the Board, we are extremely grateful for the success of the foundation that John and Mark have created and congratulate them on their well-deserved retirements from their leadership positions. We also look forward to their continued contributions as members of Denny’s Board of Directors.

Ms. Valade, a 30-year restaurant veteran, brings to Denny’s a proven track record of developing and executing bold strategies within the restaurant industry. She has extensive experience in marketing, talent and people development, digital transformation, operational rigor and strategic development. At Brinker International, she served as President, Chief Operating Officer and Senior Vice President of Human Resources and was instrumental in helping the company accelerate growth, increase operational efficiency and cultivate a culture goal-oriented to attract and retain employees. . She was the first female president of the Chili’s Bar & Grill brand, where she led the strategic growth of more than 1,600 global restaurants and more than 80,000 employees worldwide. Prior to her role as Managing Director of Red Lobster, Ms Valade served as Managing Director of Black Box Intelligence from 2019 to 2021.

Ms. Valade holds a BA in Sociology from Binghamton and an MBA from Syracuse University. She sits on the board of Seasoned.co, the Women’s Foodservice Forum and the National Restaurant Association Education Foundation.

“Denny’s is a world-class brand that has earned the trust and loyalty of generations of customers as a leader in family restaurants. I admire the company’s customer-first approach and its unwavering goal of loving to nurture people,” Valade said. “I am thrilled to work alongside a strong and highly experienced management team, an exceptional franchise organization and dedicated team members as we deliver new innovations while improving the customer experience. As I step into this role, I am incredibly confident about the future opportunities for Denny’s and our commitment to delivering long-term sustainable growth for our shareholders.

About Denny’s

Denny’s Corporation is the franchisor and operator of one of America’s largest franchised full-service restaurant chains, based on restaurant count. As of March 30, 2022, Denny’s had 1,634 franchised, licensed and corporate restaurants worldwide, including 153 restaurants in Canada, Puerto Rico, Mexico, Philippines, New Zealand, Honduras, United Arab Emirates, in Costa Rica, Guam and Guatemala. , El Salvador, Indonesia and the United Kingdom. For more information about Denny’s, including press releases, links to SEC filings, and other financial information, please visit Denny’s Investor Relations website at investor. dennys.com.

CONTACT: Investor Contact: Curt Nichols 877-784-7167 Media Contact: Hadas Streit, Allison+Partners 646-428-0629


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