Julia Stewart: Snubbed for Promotion, Later Acquired Company
Share this @internewscast.com

Renowned serial entrepreneur and seasoned restaurant group executive Julia Stewart, age 70, is capturing attention online this week for executing what many call “one of the best leadership moves” in the realm of business turnarounds.

Julia Stewart, after a seven-year leadership stint at Taco Bell, took on the role of president at Applebee’s in 1998. She departed three years later when she was passed over for a promised CEO promotion, although during her leadership, the company and franchise sales flourished and stock prices climbed, according to Fortune. Shortly after this setback, she became the chair and CEO of IHOP in 2001, as noted on LinkedIn.

After about six years in the role, in November 2007, IHOP acquired Applebee’s for $2.1 billion, and Stewart had a phone call to make.

Stewart recounted on The Matthews Mentality Podcast, “I reached out to the chair and CEO of Applebee’s, simply to say hello. He anticipated this call and I informed him that, as announced, we had acquired the company for $2.3 billion and, regrettably, we only required one leader, which meant I had to relieve him of his duties.”

@kylematthewsceo Reacting to @Lindsay The ultimate power play… Julia Stewart. Episode 59 of The Matthews Mentality Podcast #f#fypp#podcastclipsp#plottwistp#powermove ♬ original sound – Kyle Matthews | Sales Tips

Stewart would continue to serve as the chair and CEO of the parent company, Dine Brands Global, for another decade.

And at 70, Stewart is still working. She’s currently a board member at Bojangles, among other places, and the founder of a wellness app.

Renowned serial entrepreneur and seasoned restaurant group executive Julia Stewart, age 70, is capturing attention online this week for executing what many call “one of the best leadership moves” in the realm of business turnarounds.

Julia Stewart, after a seven-year leadership stint at Taco Bell, took on the role of president at Applebee’s in 1998. She departed three years later when she was passed over for a promised CEO promotion, although during her leadership, the company and franchise sales flourished and stock prices climbed, according to Fortune. Shortly after this setback, she became the chair and CEO of IHOP in 2001, as noted on LinkedIn.

The rest of this article is locked.

Join Entrepreneur+ today for access.

Share this @internewscast.com
You May Also Like

U.S. Criticizes Europe Amidst ‘Trumpflation’ Concerns as UK Anticipates Three Interest Rate Increases by Christmas

In a bold statement today, a top U.S. defense official urged the…

Unveiling the Silent Financial Crisis: Experts Warn of a Looming Global Economic Implosion

The international spotlight is currently fixed on Iran, amid fears of a…

Unlock £200 Cashback with IG Investments: Is It Worth Signing Up?

At This is Money, we pride ourselves on our editorial independence, despite…

Over 300,000 UK Jobs Threatened as Businesses Struggle with Rising Costs Amid Iran Conflict

As businesses grapple with escalating costs and the fallout from the Iran…