Applebee’s president Steven Layt resigns amid corporate consolidation

Applebee’s president Steven Layt resigns amid corporate consolidation

DineEquity’s CEO Julia Stewart will serve as interim president of Applebee’s

Applebee’s president Steven Layt stepped down on Wednesday as part of a strategic move to consolidate some of the casual-dining chain’s support functions with sister brand IHOP. Julia Stewart, CEO of Applebee's parent company DineEquity Inc., will serve as interim president of Applebee’s in addition to her current responsibilities.

DineEquity said the two brands will be collaborating more closely at the company’s Glendale, Calif. base support center, where IHOP is also based.

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