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Cracker Barrel covers outgoing CEO costs
Cracker Barrel's CEO Julie Masino is stepping down and will receive a severance package of $4.63 million over two years, along with continued security costs. Her departure follows an unsuccessful rebranding effort that included removing the "Old Timer" from the company's logo, which contributed to customer backlash and declining sales. David Deno will succeed her as CEO, as the company continues to recover from the rebranding controversy.
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