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Darden Restaurants Inc (DRI)

DRI on New York Consolidated

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7 Dec 2016
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Summary

Name Age Since Current Position

Charles Sonsteby

61 2016 Independent Chairman of the Board

Eugene Lee

54 2015 President, Chief Executive Officer, Director

Ricardo Cardenas

48 2016 Chief Financial Officer, Senior Vice President

Todd Burrowes

52 2015 President - LongHorn Steakhouse

David George

59 2013 President - Olive Garden

John Madonna

2016 Senior Vice President, Principal Accounting Officer, Corporate Controller

Matthew Broad

54 2015 Senior Vice President, General Counsel, Corporate Secretary

Laurie Burns

46 2014 Senior Vice President, Chief Development Officer

Doug Milanes

2015 Senior Vice President, Chief Supply Chain Officer

Margaret Atkins

58 2014 Independent Director

Bradley Blum

61 2014 Independent Director

James Fogarty

48 2014 Independent Director

Cynthia Jamison

56 2014 Independent Director

Nana Mensah

64 2016 Independent Director

Lionel Nowell

61 2014 Independent Director

William Simon

56 2012 Independent Director

Alan Stillman

77 2014 Independent Director

Biographies

Name Description

Charles Sonsteby

Mr. Charles (Chuck) M. Sonsteby is Independent Chairman of the Board of the Company. He has served as the CFO and Chief Administrative Officer of The Michaels Companies, Inc., the largest arts and crafts specialty retailer in North America, and Michaels Stores, Inc., which became an indirect wholly-owned subsidiary of Michaels as part of a reorganization in July 2013, since October 2010. Prior to that, Mr. Sonsteby served as the CFO and Executive Vice President of Brinker International, Inc., a casual dining restaurant company, from May 2001 to October 2010. He joined Brinker in 1990 as Director of the Tax, Treasury and Risk Management departments and thereafter served in various capacities, including as Senior Vice President of Finance from 1997 to 2001 and as Vice President and Treasurer from 1994 to 1997. Mr. Sonsteby also previously served on the board of directors of Zale Corporation, a specialty retailer of diamond and other jewelry products in North America, from November 2006 to February 2011.

Eugene Lee

Mr. Eugene I. Lee, Jr., has been appointed as President, Chief Executive Officer, Director of Company. He was President, Interim Chief Executive Officer of Darden Restaurants, Inc. Mr. Lee brings more than 30 years of restaurant operating experience to the role, which ranges from early stage high-growth concepts to large high volume chains. Prior to his appointment as Interim CEO, Mr. Lee served as President and Chief Operating Officer of the Company for one year, and prior to that as President of the Company’s Specialty Restaurant Group (SRG) for six years. Under Mr. Lee’s leadership, SRG grew from 60 to 175 restaurants while delivering annualized sales growth of 17 percent and annual restaurant earnings growth of 26 percent. Mr. Lee joined Darden in 2007 as part of its acquisition of RARE Hospitality International, where Mr. Lee served as President and Chief Operating Officer. Mr. Lee had been with RARE since January 1997, serving initially as Executive Vice President of Operations for its Bugaboo Creek Steakhouse concept. He became Executive Vice President of Operations for RARE’s LongHorn Steakhouse division in October 1997 and was promoted to COO of RARE the following year. In 2001, he was named President of RARE and elected to its Board of Directors. Prior to RARE, Mr. Lee served as Senior Vice President of Operations for Uno Restaurant Corp. and in several management positions for York Steak House Systems. A native of Massachusetts, Mr. Lee earned an MBA from Suffolk University in Boston.

Ricardo Cardenas

Mr. Ricardo Cardenas is Chief Financial Officer, Senior Vice President of the Company. Mr. Cardenas had been Senior Vice President, Chief Strategy Officer of the Company since July 2015, prior to which he served as Senior Vice President, Finance, Strategy and Technology from July 2014 to July 2015. He was Executive Vice President of Operations for the Company’s LongHorn Steakhouse from June 2013 to July 2014 and Senior Vice President of Operations for LongHorn Steakhouse’s Philadelphia Division from June 2012 to June 2013. He served as Senior Vice President of Finance for Red Lobster, which the Company previously owned, from June 2010 to June 2012.

Todd Burrowes

Mr. Todd A. Burrowes is President - LongHorn Steakhouse of the Company., effective July 28, 2015. Mr. Burrowes will be rejoining the Company after serving as President, Ruby Tuesday Concept and Chief Operations Officer of Ruby Tuesday, Inc., a casual dining restaurant chain, since June 2013. Prior to that, Mr. Burrowes, served as Executive Vice President of Operations for LongHorn Steakhouse, a position that he held from 2008 until 2013. Mr. Burrowes previously served in other roles at LongHorn Steakhouse, including as Senior Vice President of Operations and Regional Director of Operations. Prior to joining LongHorn, Mr. Burrowes served as the Regional Director of Operations for Corner Bakery Cafe and Vice President of Operations for Saltgrass Steak House. Burrowes is a seasoned restaurant operator with more than 25 years of experience. During his prior stint at LongHorn, Burrowes spent approximately 10 years in key leadership positions including Executive Vice President of Operations, Senior Vice President of Operations and Regional Director of Operations. Prior to his tenure with LongHorn Steakhouse, Burrowes served as Regional Director of Operations for Corner Bakery Café and Vice President of Operations for Saltgrass Steak House.

David George

Mr. David C. George is President - Olive Garden of Darden Restaurants Inc. Mr. Dave George, was named President of Olive Garden in January 2013. Dave, who is also a member of Darden Restaurants’ Operating Team and Executive Team, leads a company with 828 restaurants, more than 95,000 employees and $3.6 billion in annual sales. Prior to his current role, Dave served as president of LongHorn Steakhouse for nine years. Dave joined LongHorn in April 1998 as Vice President of Operations, North. Two years later, he was promoted to Vice President of Operations for The Capital Grille, a division of LongHorn’s former parent company, RARE Hospitality International. He returned to LongHorn in October 2001 as Senior Vice President of Operations and was named President in 2003. Earlier in his career, Dave served as Vice President of Operations for Tripps Restaurants. He began his restaurant career straight out of college as an Assistant Manager with Houlihans. During his 12 years with Houlihans, he held positions of increasing responsibility including Area Director of Operations for eight restaurants. Dave earned a bachelor’s degree in Hotel, Restaurant and Institutional Management from Michigan State University.

John Madonna

Mr. John W. Madonna is Senior Vice President, Principal Accounting Officer, Corporate Controller of the Company., effective January 4, 2016. . Mr. Madonna joined the Company in 2005 and over the past five years has held roles of increasing responsibility in the Corporate Reporting and Accounting areas, most recently as Senior Vice President, Accounting.

Matthew Broad

Mr. Matthew R. Broad is Senior Vice President, General Counsel, Corporate Secretary of Darden Restaurants, Inc. Most recently, Broad served as a consultant with Axiom, a provider of tech-enabled legal services. There he provided legal counsel to companies across various industries including food & beverage, manufacturing, and healthcare. Prior to that, Broad served as Executive Vice President, General Counsel and Chief Compliance Officer for OfficeMax, responsible for legal affairs, corporate compliance and public policy. Before joining OfficeMax in 2004, Broad was Associate General Counsel with Boise Cascade, a publicly traded manufacturer and distributor of forest products and distributor of office supplies.

Laurie Burns

Ms. Laurie B. Burns is Senior Vice President, Chief Development Officer of the Company. Ms. Laurie Burns was named Chief Development Officer for Darden Restaurants in January 2014. A member of Darden’s Executive Team, she is responsible for Real Estate Research and Strategic Planning, Real Estate Development, Design and Construction, Asset Management, Facilities Maintenance and Remodels for Darden and its operating companies. Darden owns and operates more than 1,500 Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V’s and Yard House restaurants in North America, employing 150,000 people and serving more than 320 million meals annually. In 2014, Darden was named to the FORTUNE “100 Best Companies to Work For” list for the fourth year in a row. Prior to being named Chief Development Officer, Laurie served as Senior Vice President, SRG Strategic Platform and Development, where she was responsible for leading Darden’s Specialty Restaurant Group’s development growth pipeline, key initiatives and projects. Laurie joined Darden in 1999 as Vice President of Development for Red Lobster. A year later she was promoted to Senior Vice President of Development for all Darden brands. Then in 2003 she was named President of Bahama Breeze, where she led a successful turnaround of the Caribbean-inspired brand. Prior to joining Darden, Laurie was Vice President of Development for the Eastern United States for Homestead Village, an extended stay hotel company. She also served as Director of Real Estate for Applebee’s franchisee Apple South and spent eight years with Taco Bell in various real estate development positions. Laurie received a bachelor’s degree in Business Administration and an MBA in Finance and Real Estate from the University of Florida. She has served on the UF Foundation Board of Directors and currently serves on the Warrington College of Business Administration Dean’s Advisory Council. She was a recipient of the Distinguished Alum Award from the Warrington College in 2008.

Doug Milanes

Mr. Doug Milanes is Senior Vice President, Chief Supply Chain Officer of the Company. Mr. Doug Milanes was named Chief Supply Chain Officer for Darden in May 2015. He is responsible for sourcing, distribution and quality assurance for all Darden concepts. Doug’s team of supply professionals manages over $2 billion in capital and food product expenditures and $1 billion in non-food expenditures on an annual basis. The supply team sources more than 26 million cases of product from 1,500 vendors in 10 countries around the world. Darden owns and operates more than 1,500 Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V’s and Yard House restaurants in North America, employing more than 150,000 people and serving more than 320 million meals annually. In 2014, Darden was named to the FORTUNE “100 Best Companies to Work For” list for the fourth year in a row. Most recently, Doug served as Senior Vice President, Purchasing, for Darden where he was responsible for Proteins, Beverages and Food Commodities/Ingredients. He started Indirect Sourcing (non-food areas) in 2014, driving programs in categories such as Advertising, IT, and Restaurant Services. Prior to Darden, Doug served as Vice President, Global Procurement and Operations for New York-based Pfizer, where he was responsible for strategic commercial sourcing and global procurement operations, leading a team of 450 associates in five countries with responsibility for over $11 billion in purchases. He also served as Chief Financial Officer for the company’s Capsugel Division. Before Pfizer, Doug was with Unilever and Kraft Foods. Doug holds a bachelor’s degree in Chemical Engineering from New Jersey Institute of Technology and an MBA in Business Administration from New York University’s Stern School of Business.

Margaret Atkins

Ms. Margaret Shan Atkins is an Independent Director of the Company. She is a Co-Founder and Managing Director of Chetrum Capital LLC, a private investment firm, a position she has held since 2001. Prior to founding Chetrum, she spent most of her executive career in the consumer/retail sector, including various positions with Sears, Roebuck & Co., a major North American retailer, from 1996 to 2001 where she was promoted to Executive Vice President in 1999. Prior to joining Sears, Ms. Atkins spent fourteen years with Bain & Company, the international management consultancy, as a leader in the consumer and retail practice. She began her career as a public accountant at what is now PriceWaterhouseCoopers LLP, a major accounting firm, and holds designations as a Chartered Professional Accountant and Chartered Accountant (Ontario) and as a Certified Public Accountant (Illinois). Ms. Atkins currently serves on the board of directors of SpartanNash Company, a national grocery wholesaler/retailer and distributor of food products to the worldwide U.S. military commissary system and SunOpta, Inc., a North American manufacturer of natural and organic food products. She previously served on the boards of directors of The Pep Boys — Manny, Moe & Jack (2004 – 2015), an operator of automotive parts and service stores, Tim Hortons (2007 – 2014), a leading North American quick-serve restaurant chain, Shoppers Drug Mart Corporation (2005 – 2012), a Canadian drugstore chain, and Chapters, Inc. (1999 – 2001), a Canadian bookstore chain.

Bradley Blum

Mr. Bradley D. Blum is an Independent Director of the Company. He has served as CEO for several major brands and companies in the restaurant industry. Since September 2005, Mr. Blum has served as Founder and CEO of BLUM Enterprises, LLC, a restaurant company focused on restaurant strategy, concept development, and investing. In July 2013, Mr. Blum was appointed to the Supervisory Board of AmRest Holdings SE, a publicly traded global fast-food and casual dining operator with six different restaurant brands. In May 2012, Mr. Blum co-founded FIVE TO SEVEN, a transatlantic partnership, whose mission is to provide Good Food for the Planet™. In January 2012, Mr. Blum became board director, strategic partner and investor at LEON Restaurants, a restaurant group specializing in seasonal, naturally fast food. Prior to that, Mr. Blum served as CEO of Romano’s Macaroni Grill, a U.S. casual dining restaurant chain specializing in Italian cuisine, from December 2008 through July 2010. Mr. Blum served as CEO of the global fast food enterprise, Burger King Corporation, from December 2002 through July 2004. Mr. Blum served as President of the Company’s restaurant chain, Olive Garden, from December 1994 through March 2002, after which he served as Vice Chairman of the Company through December 2002. While at the Company, Mr. Blum served on its board of directors from September 1997 through December 2002. Mr. Blum helped launch Cereal Partners Worldwide, a 50/50 global joint venture between Nestlé and General Mills specializing in breakfast cereals, serving from 1990 through 1994 as Senior Vice President of Marketing and having operating responsibilities for various countries in Western Europe. Prior to that, Mr. Blum progressed through various marketing and brand management executive positions in the U.S. from 1978 through 1990 for General Mills, Inc., an American multinational manufacturer and marketer of branded consumer goods.

James Fogarty

Mr. James P. Fogarty CPA is an Independent Director of the Company. He was the CEO and a Director of Orchard Brands, a multi-channel marketer of apparel and home products, from November 2011 until its sale in July 2015, at which time he became a Senior Advisor to Bluestem Group Inc., the acquirer of Orchard Brands. Prior to that, Mr. Fogarty was a private investor from November 2010 to November 2011. From April 2009 until November 2010, Mr. Fogarty was President, CEO and Director of Charming Shoppes, Inc., a multi-brand, specialty apparel retailer. Other prior executive positions held by Mr. Fogarty include Managing Director of Alvarez & Marsal, an independent global professional services firm, from August 1994 until April 2009, President and COO of Lehman Brothers Holdings (subsequent to its Chapter 11 bankruptcy filing) from September 2008 until April 2009, President and CEO of American Italian Pasta Company, the largest producer of dry pasta in North America from September 2005 through February 2008, CFO of Levi Strauss & Co., a brand-name apparel company from 2003 until 2005, and from December 2001 through September 2003, he served as Senior Vice President and CFO and for a period as a Director of The Warnaco Group, a global apparel maker. Since October 2011, Mr. Fogarty has served as a director of Regis Corporation, which owns, operates and franchises hair and retail product salons.

Cynthia Jamison

Ms. Cynthia T. Jamison is an Independent Director of the Company. She was the CFO of AquaSpy, Inc., an Australian environmentally responsible irrigation company from 2009 to 2012, when she retired. From 1999 to 2009, she was a partner with Tatum, LLC, an executive services firm focused exclusively on providing CFO support to public and private companies. Prior to joining Tatum, she served as CFO of Chart House Enterprises (now AM-CH, Inc.), a publicly traded restaurant company, from May 1998 until June 1999 and previously held various CFO or COO positions at Allied Domecq Retailing USA, a spirits, wine and quick-service restaurant operator, Kraft General Foods, a food and beverage company, and Arthur Andersen LLP, a major accounting firm. Since 2002, Ms. Jamison has served as a member of the board of directors for Tractor Supply Company, an operator of retail farm and ranch stores, where she currently serves as Non-Executive Chairman. Ms. Jamison also serves as a director of Office Depot, Inc., a global supplier of office products and services, since August 2013, and BigLots, Inc., a discount retailer, since May 2015. Ms. Jamison’s experience includes her service, from 2004 until 2015, as a director of B&G Foods, Inc., a manufacturer, seller and distributor of high quality, shelf-stable food and household products.

Nana Mensah

Mr. Nana Mensah serves as Independent Director of the Company effective November 14, 2016. He serves as Chairman and Chief Executive Officer of 'XPORTS, Inc., a privately held company that exports food packaging and food processing equipment to distributors and wholesalers outside ofthe United States. Previously, he served as the Chief Operating Officer of Church's Chicken, a division of AFC Enterprises, Inc., and as President and Chief Operating Officer of Long John Silver's Restaurants, Inc. Prior to that, Mensah served as Senior Vice President, Operations and Concept Development, for PepsiCo Restaurants International, overseeing the KFC, Pizza Hut and Taco Bell brands internationally and as a regional Vice President and General Manager for the KFC brand for PepsiCo. Additionally, Mensah serves on the Board of Directors of Reynolds American, Inc. (RAI) and the Board of Trustees of the Children's Miracle Network.

Lionel Nowell

Mr. Lionel L. Nowell, III is an Independent Director of the Company. He served as the Senior Vice President and Treasurer of PepsiCo, Inc., one of the world’s largest food and beverage companies, from August 2001 to May 2009, where he was responsible for PepsiCo’s worldwide corporate treasury function, including worldwide financial activities, capital markets strategies, foreign exchange, cash forecasting and planning. Prior to that, Mr. Nowell served as CFO and Senior Vice President for The Pepsi Bottling Group, a position he assumed in 2000 after serving as Controller for PepsiCo since July 1999. He was Senior Vice President, Strategy and Business Development from January 1998 to July 1999 at RJR Nabisco, Inc., an American conglomerate selling tobacco and food products. Prior to that, Mr. Nowell served as CFO of Pillsbury North America from 1991 to 1998, then owned by Diageo PLC, a multinational alcoholic beverages company. Mr. Nowell currently serves as a director of American Electric Power Company, Inc., one of the largest electric utilities in the United States, a position he has held since 2004. He has also served on the boards of directors of Reynolds American Inc., a holding company of some of the largest tobacco companies in the United States, since September 2007 and Bank of America Corporation, one of the world’s largest financial institutions, since January 2013.

William Simon

Mr. William S. Simon Jr., serves as an Independent Director of Darden Restaurants Inc. He served as Executive Vice President of Wal-Mart Stores, Inc., a global retailer, and as President and CEO, Walmart U.S., the largest division of Wal-Mart Stores, Inc., which consists of retail department stores, from July 2010 to August 2014. Previously, he served as Executive Vice President and COO of Walmart U.S. from March 2007 to June 2010 and Executive Vice President of Professional Services and New Business Development from March 2006 to March 2007. Prior to joining Walmart, Mr. Simon held senior executive positions at Brinker International, Inc., a casual dining restaurant company, Diageo North America, Inc., a multinational alcoholic beverages company, and Cadbury Schweppes plc, a multinational confectionery company. Mr. Simon also served as Secretary of the Florida Department of Management Services and served 25 years in the U.S. Navy and Naval Reserves. Mr. Simon previously served on Darden’s Board of Directors from 2012 until 2014 and rejoined the Board of Directors in October 2014.

Alan Stillman

Mr. Alan N. Stillman is an Independent Director of the Company. He founded Fourth Wall Restaurants in 2007 and the group is comprised of upscale restaurants in New York City, including the flagship Smith & Wollensky location. Mr. Stillman founded Smith & Wollensky in 1977 and served as its President and Chairman from 1977 to 1997. From 1997 until 2007, he served as Chairman and Chief Executive Officer of The Smith & Wollensky Restaurant Group, Inc., a publicly traded company which developed and operated high-end, high-volume restaurants in major cities across the United States. Mr. Stillman developed and founded his first restaurant, T.G.I. Fridays, an American restaurant chain focused on casual dining, in 1965. During his career, Mr. Stillman developed a series of restaurant concepts in Manhattan, including Manhattan Ocean Club, Maloney & Porcelli, and The Post House. Mr. Stillman has also served as a director of Meals on Wheels USA for over 20 years.