Bloomin' Brands shakes up board

Tampa-based Bloomin' Brands shook up its board of directors, only a few weeks after Starboard Value, an activist investor firm in New York and Fort Lauderdale, upped its stake in ownership of the publicly traded company, which owns Outback Steakhouse, Bonefish Grill and other brands.

Starboard Value, which in the previous decade shook up Darden Restaurants, reported to the U.S. Securities and Exchange Commission Aug. 8 that it now owns 9.9% of Bloomin' Brands stock.

Three weeks later, on Aug. 28, Bloomin' Brands put Rohit Lal on the board, according to an investor statement. Lal is logistics company Saia's current EVP and chief information officer.