Darden Restaurants Inc (DRI) Key Developments | Reuters.com
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Darden Restaurants Inc announces leadership succession plan

Monday, 28 Jul 2014 04:31pm EDT 

Darden Restaurants Inc:Announces that Clarence Otis is stepping down as Chairman and Chief Executive Officer of the company.Appointed the company's current Independent Lead Director, Charles A. Ledsinger, Jr., as Independent Non-Executive Chairman of the Board, effective immediately.To ensure a smooth transition, Otis has agreed to continue serving as Chief Executive Officer of Darden until the earlier of the appointment of his successor or Dec. 31.