“When the Deal is Done Post Merger Integration: Do's and Don'ts”
Doug Benn has served as executive vice president of finance and chief financial officer of RARE Hospitality International Inc. since March 1998. RARE Hospitality is an Atlanta-based restaurant company with more than 300 locations, whose concepts include LongHorn Steakhouse and The Capital Grille. Benn was integrally involved in the negotiation for the acquisition of RARE by Darden Restaurants for approximately $1.4 billion. That acquisition was completed on Oct. 1, 2007, and he is now assisting with the integration of the two companies. In his capacity as CFO of RARE, Benn was responsible for accounting and financial reporting, payroll, cash management, budgeting, information technology and internal audit. Prior to the acquisition by Darden, RARE was a publicly traded company, and Benn was primarily responsible for the investor relations function and frequently spoke to groups of investors concerning the company's results and growth strategies.
Prior to joining RARE in March 1998, Benn was an independent financial consultant providing consulting services primarily to companies in the restaurant industry from February 1997 until March 1998. From April 1987 to February 1997, Benn was chief financial officer for Innovative Restaurant Concepts Inc., an owner and operator of casual dining restaurants whose primary growth restaurant concept was Rio Bravo Cantina, and he played a significant role in negotiating the sale of that company to Applebee's International Inc. in March 1995. Prior to that, he was in the Audit and Tax Divisions with Arthur Andersen's Dallas and Atlanta offices.
Benn received both his bachelor's and master's degrees from the Terry College of Business. He lives in Atlanta with his wife, Mickey, and their two daughters.