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Bloomin' Brands adds James Craigie to its board

TAMPA, Fla. (AP) -- Bloomin' Brands Inc. said Monday that it has appointed James Craigie, chairman and CEO of Church & Dwight Co. Inc., to its board.

The restaurant chain operator said that Craigie's experience with innovation in consumer brands will help the company.

Church & Dwight makes consumer products such as Arm & Hammer baking soda, Trojan condoms and Nair hair removal. Craigie joined the company in 2004. He also serves on the board of Meredith Corp., Solazyme Corp. and The Gettysburg Foundation.

Craigie, 60,will also join Bloomin' Brands' audit committee. His appointment brings the size of the board from nine to 10 members.

The Tampa, Fla.-based company owns the Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, Fleming's Prime Steakhouse & Wine Bar and Roy's restaurant chains.

Bloomin' Brands pays its non-employee directors an annual retainer of $90,000 for serving on the board, plus $100,000 restricted stock. Audit committee members receive an additional $10,000, according to regulatory filings.

The company's stock added was flat at $25.47 in midday trading, in line with the broader market. Shares are up 63 percent since the start of the year.