“It has been an honor to lead IHOP and work alongside the hardest working team and franchisees in the industry,” said Jay Johns, IHOP President. “I am incredibly proud of what we have accomplished together, and I have every confidence that Lawrence Kim will continue to drive the brand forward with passion and vision.”
Kim brings over 20 years of leadership experience to IHOP, having held senior leadership roles in top-tier restaurant chains including YUM! Brands where he most recently served as Chief Innovation Officer, and earlier in his career at Taco Bell, Samsung, and Procter & Gamble. He has a proven track record of success and is a leader in global brand strategy, marketing, and digital innovation. At IHOP, Kim will oversee the continued expansion of the brand, with a focus on innovation, guest experience, and restaurant development growth.
“Stepping into the leadership role of this iconic brand is a true privilege,” said Lawrence Kim, IHOP President Designee. “I have cherished memories of dining at IHOP with family and friends, and I’m thrilled to join this exceptional team. Together with our dedicated franchisees, we’ll work tirelessly to ensure that IHOP continues to be an integral part of family culture for generations to come.”
ABOUT INTERNATIONAL HOUSE OF PANCAKES, LLC
For more than 65 years, IHOP has been a leader, innovator and expert in all things breakfast, lunch and dinner. The chain offers 65 different signature, fresh, made-to-order breakfast options, a wide selection of popular lunch and dinner items, including Ultimate Steakburgers, Hand Crafted Melts, Burritos & Bowls and more. IHOP restaurants offer guests an affordable, everyday dining experience with warm and friendly service. As of June 30, 2024, there are 1,811 IHOP restaurants around the world, including restaurants in all 50 states, two U.S. territories and 13 countries outside the United States. IHOP restaurants are franchised by affiliates of Pasadena, Calif.-based Dine Brands Global, Inc. (NYSE: DIN).
Forward-Looking Statements
Statements contained in this press release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify these forward-looking statements by words such as “may,” “will,” “would,” “should,” “could,” “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan,” “goal” and other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results to be materially different from those expressed or implied in such statements. These factors include, but are not limited to: general economic conditions, including the impact of inflation, particularly as it may impact our franchisees directly; our level of indebtedness; compliance with the terms of our securitized debt; our ability to refinance our current indebtedness or obtain additional financing; our dependence on information technology; potential cyber incidents; the implementation of restaurant development plans; our dependence on our franchisees; the concentration of our Applebee’s franchised restaurants in a
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