is otherwise written in a promotional tone . please help by either rewriting this article from a neutral point of view or by moving this article to wikinews . when appropriate blatant advertising may be marked for speedy deletion with db spam . may 2012 dineequity inc. type public traded as nyse din industry restaurants genre casual dining founded 1976 ; 40 years ago 1976 as ihop corporation june 2 2008 ; 8 years ago 2008 06 02 as dineequity headquarters glendale california u.s. number of locations 3 716 in 20 countries 2015 1 area served worldwide key people julia stewart ceo tom w. emrey chief financial officer michael j. archer president applebee s international inc bryan r. adel senior vice president legal general counsel and secretary john b. jakubek senior vice president human resources greggory h. kalvin senior vice president and corporate controller 2 revenue us 681.1 million 1 number of employees 200 000 team members including franchisee and company operated restaurant employees subsidiaries ihop applebee s website dineequity.com dineequity inc. nyse din formerly known as ihop corporation is an american company that both franchises and operates ihop international house of pancakes and applebee s restaurants . the company is headquartered in glendale california and was founded in 1976 as ihop until after it acquired applebee s when it changed its corporate identity . 3 international inc announced on july 16 2007 that it intended to acquire the bar and grill chain applebee s international inc. in an all cash transaction that was valued at approximately us 2.1 billion . under the deal ihop paid would pay 25.50 per share for applebee s. ihop stated it would franchise most of applebee s 500 company owned stores . in 2015 applebee s had 2 033 restaurants overall worldwide all operated by franchisees . 4 1 julia stewart who originally worked as a waitress at ihop and worked her way up through the restaurant industry became chief executive officer of ihop corporation . she had previously been president of applebee s but left after being overlooked for that company s ceo position . she became ceo of ihop in 2001 and returned to manage her old company due to the acquisition . 5 with a larger than 70 % vote applebee s stockholders approved the takeover which closed on november 29 2007 . the deal beat 26 other offers to purchase the economically slumping applebee s. a number of executives from applebee s voted against the offer . the chain s largest individual shareholder applebee s director burton skip sack believed the purchasing price was unfair to the shareholders and planned to take ihop to court . as part of the purchase a brand re marketing scheme and revitalization of the applebee s image was undertaken . 6 board of directors edit on july 9 2009 dineequity inc. announced the appointment of daniel j. brestle to the company s board of directors 7 the board s compensation committee as an independent director . currently dineequity has eleven board members including brestle . brestle recently served as vice chairman and president of estee lauder companies inc. north america a position he retired from in june 2009 after spending more than 30 years in leadership positions within the lauder organization and its family of brands . 7 references edit a b c 2015 dineequity annual report management biographies . dineequity inc. retrieved 2 september 2013 . http finance.yahoo.com q pr s din tong vinnee 16 july 2007 . ihop to buy applebee s for about 1.9 b . associated press . archived from the original on 2007 08 19 . retrieved 5 september 2013 . abc news from the kitchen to the boardroom adamy janet october 31 2007 . ihop s tall order reviving applebee s . the wall street journal . a b http www.tradingmarkets.com . site news stock % 20news 2413793 external links edit greater los angeles portal companies portal food portal company homepage ihop homepage applebee s homepage retrieved from https en.wikipedia.org w index.php title dineequity & oldid 738798984 categories companies listed on the new york stock exchangecompanies established in 2008restaurant chains in the united statesmultinational food companiesfood and drink companies of the united statescompanies based in glendale californiahidden categories articles with a promotional tone from may 2012all articles with a promotional tone navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 11 september 2016 at 03 35 . text is available under the 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