People: Darden Restaurants Inc (DRI)

Summary

Name	Age	Since	Current Position
Clarence Otis	56	2005	Chairman of the Board, Chief Executive Officer
Andrew Madsen	56	2004	President, Chief Operating Officer, Director
C. Bradford Richmond	53	2006	Chief Financial Officer, Senior Vice President
David George	56	2013	President - Olive Garden
Valerie Insignares		2013	President - LongHorn Steakhouse
Eugene Lee	51	2007	President - Specialty Restaurant Group
David Pickens	57	2011	President - Red Lobster
Will Setliff		2013	Senior Vice President, Chief Marketing Officer
Teresa Sebastian	54	2010	Senior Vice President, General Counsel, Secretary
David Lothrop	51	2012	Senior Vice President, Corporate Controller
Kim Lopdrup	54	2011	Senior Vice President - Business Development
Robert McAdam	54	2006	Senior Vice President - Government and Community Affairs
Daisy Ng	54	2009	Senior Vice President, Chief Human Resources Officer
Michael Barnes	51	2012	Independent Director
Leonard Berry	69	2001	Independent Director
Christopher Fraleigh	48	2008	Independent Director
Victoria Harker	48	2009	Independent Director
David Hughes	71	2001	Independent Director
Charles Ledsinger	62	2005	Independent Director
William Lewis	56	2005	Independent Director
Connie Mack	71	2001	Independent Director
Michael Rose	71	1995	Independent Director
Maria Sastre	57	1998	Independent Director
William Simon	53	2012	Independent Director

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Biographies

Name	Description
Clarence Otis	Mr. Clarence Otis, Jr., is Chairman of the Board, Chief Executive Officer of Darden Restaurants Inc. He has served as Company's Chairman of the Board since November 2005 and Company's Chief Executive Officer since November 2004. He was Executive Vice President of the Company from March 2002 until November 2004 and President of Smokey Bones Barbeque & Grill, a restaurant brand formerly owned and operated by the Company, from December 2002 until November 2004. Mr. Otis was Company's Senior Vice President from December 1999 until March 2002 and Chief Financial Officer from December 1999 until December 2002. Mr. Otis joined the Company in 1995 as Vice President and Treasurer, and served as Senior Vice President, Investor Relations from July 1997 to August 1998, and as Senior Vice President, Finance and Treasurer from August 1998 until December 1999. He was Managing Director and Manager of Public Finance for Chemical Securities, Inc. (now J.P. Morgan Securities, Inc.), an investment banking firm, from 1991 to 1995. Mr. Otis is currently a director of Verizon Communications, Inc., VF Corporation, and the Federal Reserve Bank of Atlanta.
Andrew Madsen	Mr. Andrew H. Madsen is President, Chief Operating Officer, Director of Darden Restaurants Inc. He has served as Company's President and Chief Operating Officer since November 2004. Previously, Mr. Madsen served as Company's Senior Vice President and President of Olive Garden® from March 2002 to November 2004. In addition, from December 1998 to March 2002, he was Company's Executive Vice President of Marketing for Olive Garden. He was President of International Master Publishers, Inc., a developer and marketer of consumer information products, from 1997 to December 1998. From 1993 until 1997, he held various positions at James River Corporation (now part of Koch Industries), including Vice President and General Manager for the Dixie consumer products unit. He began his career in 1980 as a Marketing Assistant at General Mills, Inc. While at General Mills, he worked on a variety of popular consumer food products including Wheaties Cereal and Yoplait Yogurt. His last position at General Mills was Vice President of Marketing. Mr. Madsen is currently a director of The Talbots, Inc.
C. Bradford Richmond	Mr. C. Bradford Richmond is Chief Financial Officer, Senior Vice President of Darden Restaurants Inc., since December 2006. From August 2005 to December 2006, he served as Company's Senior Vice President and Corporate Controller. He served as Senior Vice President Finance, Strategic Planning and Controller of Red Lobster from January 2003 to August 2005, and previously was Senior Vice President, Finance and Controller at Olive Garden from August 1998 to January 2003. He joined the Company in 1982 as a food and beverage analyst for Casa Gallardo, a restaurant concept formerly owned and operated by the Company, and from June 1985 to August 1998 held progressively more responsible finance and marketing analysis positions with Company's York Steak House, Red Lobster and Olive Garden operating companies in both the United States and Canada.
David George	Mr. David C. George has been appointed as President - Olive Garden of Darden Restaurants Inc., effective January 14, 2013. Prior to the acquisition, he served as RARE's President of LongHorn Steakhouse from May 2003 until October 2007. From October 2001 until May 2003, he was RARE's Senior Vice President of Operations for LongHorn Steakhouse and from May 2000 until October 2001 was RARE's Vice President of Operations for The Capital Grille.
Valerie Insignares	Ms. Valerie Insignares has been appointed as President - LongHorn Steakhouse of Darden Restaurants, Inc. effective January 14, 2013. She moves into her new role after nearly two years as Darden's Chief Restaurant Operations Officer, where she was responsible for strategic operations initiatives across the enterprise. She previously served as Executive Vice President of Operations for Olive Garden for seven years. Prior to that, Insignares held numerous roles with increasing leadership responsibility from the time she joined Darden in 1997 through 2004.
Eugene Lee	Mr. Eugene I. Lee, Jr., is President - Specialty Restaurant Group of Darden Restaurants Inc., since the Company's acquisition of RARE Hospitality International, Inc. on October 1, 2007. Prior to the acquisition, he served as RARE's President and Chief Operating Officer from January 2001 to October 2007. From January 1999 until January 2001, he served as RARE's Executive Vice President and Chief Operating Officer.
David Pickens	Mr. David T. Pickens is President - Red Lobster of Darden Restaurants Inc., since June 2011. He served as Company's President, Olive Garden from December 2004 until June 2011. He joined the Company in 1973 as a Red Lobster hourly employee and progressed from manager trainee to regional operations manager, director of operations, and ultimately was promoted to a division Senior Vice President of Operations for Red Lobster. He joined Olive Garden in 1995 as Senior Vice President of Operations for the Orlando division and was promoted to Executive Vice President of Operations in September 1999, where he served until his promotion to President of Olive Garden in December 2004.
Will Setliff	Mr. Will Setliff has been appointed as Senior Vice President, Chief Marketing Officer of Darden Restaurants, Inc. effective January 14, 2013. He will be responsible for strengthening overall marketing excellence, elevating marketing innovation to drive long-term growth, and directing marketing talent management. With more than 20 years of experience, Setliff joined the Company last year as the Specialty Restaurant Group's Executive Vice President of Marketing. Prior to Darden, Setliff served as Senior Vice President of Marketing for Target. In that role, he held responsibility for storewide planning, brand marketing, partnerships and licensing, guest insights and store-shelf merchandising. Earlier in his tenure at Target, Setliff also had responsibility for digital marketing and developing a longer-term innovation growth pipeline.
Teresa Sebastian	Ms. Teresa Mosley Sebastian is Senior Vice President, General Counsel, Secretary of Darden Restaurants Inc., since October 2010. Prior to joining the Company, she served as Vice President, General Counsel and Corporate Secretary for Veyance Technologies, Inc., a manufacturer of industrial rubber products and exclusive manufacturer and marketer of Goodyear Engineered Products from May 2008 until September 2010. She also served as Senior Vice President and General Counsel for Information Resources, Inc. from May 2007 to May 2008; Assistant General Counsel and Assistant Corporate Secretary for DTE Energy Company from September 2001 to May 2007; and Senior Corporate Counsel for CMS Energy Corporation from September 1994 to September 2001.
David Lothrop	Mr. David R. Lothrop is Senior Vice President and Corporate Controller of Darden Restaurants Inc., since May 2012. A member of Darden’s Operating Team, Dave is responsible for managing Darden’s financial operations, including financial reporting, corporate accounting and analysis, operations information accounting, and purchasing analysis. Dave is an experienced finance leader who began his career with Darden in 1984 as a corporate accountant. He joined the Olive Garden team in 1986 as a Senior Operations Analyst and was promoted to Assistant Controller in 1991. After several years in a variety of finance roles at Darden, Red Lobster and Smokey Bones, he was promoted to Senior Vice President, Finance and Controller for Olive Garden in 2006 where he was responsible for overall financial planning and analysis, operations analysis and control, technology integration, and capital development review. He was most recently the Senior Vice President of Finance and Strategy. Dave holds a bachelor’s degree in Accounting from Miami University in Oxford, Ohio. He earned an MBA from The Crummer Graduate School of Business at Rollins College.
Kim Lopdrup	Mr. Kim A. Lopdrup is Senior Vice President - Business Development of Darden Restaurants Inc., since June 1, 2011. He served as Company's President, Red Lobster from May 2004 until June 2011. He joined the Company in November 2003 as Executive Vice President of Marketing for Red Lobster. From 2001 until 2002, he served as Executive Vice President and Chief Operating Officer for North American operations of Burger King Corporation, an operator and franchiser of fast food restaurants. From 1985 until 2001, he worked for Allied Domecq Quick Service Restaurants (“ADQSR”), a franchiser of quick service restaurants including Dunkin' Donuts, Baskin-Robbins and Togo's Eateries, where he held progressively more responsible positions in marketing, strategic and general management roles, eventually serving as Chief Executive Officer of ADQSR International.
Robert McAdam	Mr. Robert McAdam is Senior Vice President - Government and Community Affairs of Darden Restaurants Inc., since December 2006. Prior to joining the Company, he was employed by retailer Wal-Mart, Inc. as Vice President, Corporate Affairs from 2004 to 2006, and Vice President, State and Local Governmental Relations from 2000 to 2004. From 1997 to 2000 he served as Senior Vice President of Fleishman-Hillard, an international public relations firm.
Daisy Ng	Ms. Daisy Ng is Senior Vice President, Chief Human Resources Officer of Darden Restaurants Inc., since June 2009. From October 2005 to June 2009, she was Senior Vice President of Talent Management. Prior to joining the Company, she was Chief Learning Officer and Vice President, Workforce Development for Hewlett-Packard, a technology company, from November 2003 to August 2005.
Michael Barnes	Mr. Michael W. Barnes is Independent Director of Darden Restaurants Inc., since June 19, 2012. He has been Chief Executive Officer of Signet Jewelers Limited, a specialty retail jeweler, since January 2011, before which he was Chief Executive Officer Designate beginning in December 2010. Prior to joining Signet Jewelers, Mr. Barnes served as President and Chief Operating Officer of Fossil, Inc., a designer and marketer of watches and other accessories, from 2007 to 2010, President, International and Special Markets from 2000 to 2007, Executive Vice President from 1995 to 2000, and in various other executive capacities at Fossil since 1985. He was a director of Fossil from 1993 to 2010 and is currently a director of Signet Jewelers Limited.
Leonard Berry	Dr. Leonard L. Berry, Ph.D., is Independent Director of Darden Restaurants Inc. He is Presidential Professor for Teaching Excellence, Distinguished Professor of Marketing and M.B. Zale Chair in Retailing and Marketing Leadership, Mays Business School, Texas A&M University, and Professor of Humanities in Medicine, College of Medicine, Texas A&M University. He joined the faculty of Texas A&M University in 1982. Dr. Berry is the Founder of the Center for Retailing Studies at Texas A&M University. During 2001-2002, he was a visiting scientist at the Mayo Clinic where he studied health care service. He is currently a director of Genesco Inc. and Lowe’s Companies, Inc.
Christopher Fraleigh	Mr. Christopher J. Fraleigh is Independent Director of Darden Restaurants Inc., since November 3, 2008. He served as Chief Executive Officer of Sara Lee North America and Executive Vice President of Sara Lee Corporation, a global consumer products company, from November 2007 to September 2011. Mr. Fraleigh also served as the Chief Operating Officer of Sara Lee North America from November 2007 to 2008. In addition, he held the office of Chief Executive Officer of Sara Lee Food & Beverage and Senior Vice President of Sara Lee Corporation from January 2005 to November 2007. Mr. Fraleigh was General Manager of GMC-Buick, a division of General Motors, during 2004 and Executive Director of Advertising and Corporate Marketing from 2001 to 2004 for General Motors Corporation. From 1999 to 2001, Mr. Fraleigh served as Vice President, Colas for PepsiCo, Inc., a food and beverage manufacturer.
Victoria Harker	Ms. Victoria D. Harker is Independent Director of Darden Restaurants Inc. She became Chief Financial Officer of Gannett Co., Inc., an international media and marketing solutions company, in July 2012. She served as the Executive Vice President and Chief Financial Officer of AES Corporation, a global power company with generation and distribution businesses, from January 2006 to May 2012 and as its President, Global Business Services from September 2011 to July 2012. She held the position of Acting Chief Financial Officer, Senior Vice President and Treasurer of MCI, Inc., a telecommunications company, from November 2002 to January 2006. Prior to that, Ms. Harker served as Chief Financial Officer of MCI Group, a unit of WorldCom Inc., from 1998 to 2002. Ms. Harker is currently a director of Xylem Inc.
David Hughes	Mr. David H. Hughes is Independent Director of Darden Restaurants Inc. He retired from Hughes Supply, Inc., which was an NYSE-listed, Fortune 500 diversified wholesale distributor of construction and industrial materials, equipment and supplies prior to its sale to The Home Depot, Inc. in 2006, after serving as Chairman of the Board from 1986 to 2006. Mr. Hughes also served as the Chief Executive Officer of Hughes Supply, Inc. from 1974 to 2003. Mr. Hughes is currently a director of SunTrust Banks, Inc., and previously was a director of Brown & Brown, Inc.
Charles Ledsinger	Mr. Charles A. Ledsinger, Jr., is Independent Director of Darden Restaurants Inc. He has served as Chairman of the boards of directors of two-privately held companies, Realty Investment Company, Inc., an operating and investment company, and Sunburst Hospitality Corporation, a hotel and real estate operator, since May 2009. He was Vice Chairman from September 2006 to May 2009, Chief Executive Officer from August 1998 to July 2009 and President from August 1998 to September 2006 of Choice Hotels International, Inc. (Choice), a lodging franchisor. Mr. Ledsinger served as President and Chief Operating Officer of St. Joe Company, a diversified real estate operating company, from February 1998 to August 1998, and Senior Vice President and Chief Financial Officer from May 1997 to February 1998. He was Senior Vice President and Chief Financial Officer of Harrah's Entertainment, Inc., a casino operator, from June 1995 to April 1997. From August 1990 to June 1995, he was Senior Vice President and Chief Financial Officer of The Promus Companies, Incorporated, a hotel operator and the former parent of Harrah's Entertainment, Inc. Mr. Ledsinger is currently a director of FelCor Lodging Trust Incorporated, and previously served as a director of Choice.
William Lewis	Mr. William M. Lewis, Jr., is Independent Director of Darden Restaurants Inc. He has served as a Managing Director and Co-Chairman of Investment Banking for Lazard Ltd, an investment banking firm, since April 2004. He held various positions with Morgan Stanley, an investment banking firm, from 1978 to 1980 and from 1982 to April 2004, including Managing Director and Co-Head of the Global Banking Department from 1999 to 2004. Mr. Lewis is currently a trustee of Ariel Investment Trust, and previously was a director of the Federal Home Loan Mortgage Corporation (Freddie Mac).
Connie Mack	Senator Connie Mack, III, is Independent Director of Darden Restaurants Inc. He has been a partner and senior policy advisor for Liberty Partners Group, a public policy consulting firm, since January 2010. From January 2007 to May 2010, he was a partner and senior policy advisor at Liberty Partners of Florida, LLC, a public policy consulting firm which focused on advocacy strategies at the state and federal levels of government. Senator Mack served as a senior policy advisor of the government relations practice group at King & Spalding LLP, a law firm, from February 2005 to December 2009 and at the law firm Shaw Pittman, LLP from February 2001 to February 2005. He served as a United States Senator (R-Florida) from 1989 to 2001 and as a United States Congressman (R-Florida) from 1983-1989. Prior to his government service, Senator Mack spent 16 years in commercial banking, including five years as president of the Florida National Bank of Lee County. Senator Mack is currently a director of Mutual of America Life Insurance Co., and previously was a director of Genzyme Corporation, Moody's Corporation, EXACT Sciences Corporation and Spirit Aerosystems Holdings, Inc.
Michael Rose	Mr. Michael D. Rose is an Independent Director of Darden Restaurants Inc., since 1995. He has been a private investor and Chairman of the Board of Midaro Investments, Inc., a privately held investment firm since 1998. From May 2005 to May 2009, Mr. Rose served as Chairman of the Executive Committee of Gaylord Entertainment Company, a diversified entertainment company. He served as Chairman of the Board of Gaylord Entertainment Company from April 2001 to May 2005. Mr. Rose was Chairman of the Board of Promus Hotel Corporation, a franchiser and operator of hotel brands and formally a division of Promus Companies, Incorporated, from 1995 to 1997. From 1995 to 1996, he was Chairman of the Board of Harrah's Entertainment, Inc., a casino operator and formally a division of Promus Companies, Incorporated. Mr. Rose served as Chairman of the Board from 1990 to 1995 and Chief Executive Officer from 1990 to 1994 of Promus Companies, Incorporated, a hotel operator. He served as a director of First Horizon National Corporation from 1984 to 2012 and as Chairman of the Board from 2007 to 2011. Mr. Rose is currently a director of Gaylord Entertainment Company and General Mills, Inc.
Maria Sastre	Ms. Maria A. Sastre is Independent Director of Darden Restaurants, Inc. She has served as Chief Operating Officer of Signature Flight Support Corporation, a fixed based operation and distribution network for business aviation services, since May 2010. Ms. Sastre held the position of President and Chief Executive Officer of Take Stock in Children, a non-profit organization providing scholarships and mentors to Florida's low-income, at-risk children, from January 2009 to May 2010. She served as Vice President of Sales and Marketing, Latin America and Caribbean, for Royal Caribbean International, Celebrity Cruises and Azamara Cruises, all units of Royal Caribbean Cruises, Ltd., a global cruise line company, from January 2007 to September 2008. From 2005 to 2007 she was Vice President, International, Latin America and Asia Sales and Marketing for Royal Caribbean International and Celebrity Cruises and from 2000 to 2004, she served as Vice President, Total Guest Satisfaction Services and Vice President, Fleet Operations, Hotel for Royal Caribbean International. Ms. Sastre was Vice President for Latin America and Miami from 1995 to 1999 and Director of International Sales and Marketing for Asia, Europe and Latin America from 1992 to 1995 for United Air Lines, Inc., a commercial air transportation company. Ms. Sastre is currently a director of Publix Super Markets, Inc., and previously was a director of Laidlaw International, Inc.
William Simon	Mr. William S. Simon is Independent Director of Darden Restaurants, Inc., since June 19, 2012. He has served as Executive Vice President of Wal-Mart Stores, Inc., a global retailer, and as President and Chief Executive Officer, Walmart U.S., since July 2010. He served as Executive Vice President and Chief Operating Officer, Walmart U.S. from March 2007 until July 2010 and Executive Vice President, Professional Services from March 2006 to March 2007. Mr. Simon was Senior Vice President of Global Business Development for Brinker International, Inc., a restaurant company, from 2005 to 2006. Prior to Brinker, Mr. Simon served as Secretary of the Florida Department of Management Services from 2003 to 2005. Mr. Simon served in various executive positions at Diageo plc, a beverage company, from 2001 to 2003 and at Cadbury Schweppes plc, a beverage and confectionery company, from 1997 to 2000. He held senior sales and marketing roles with PepsiCo, Inc., a global food and beverage company, from 1990 to 1997 and with RJR Nabisco Holdings Corp. from 1988 to 1990. Mr. Simon served 25 years in the U.S. Navy and Naval Reserves.

Basic Compensation

Name	Fiscal Year Total
Clarence Otis	8,084,260
Andrew Madsen	4,680,140
C. Bradford Richmond	2,289,080
David George	--
Valerie Insignares	--
Eugene Lee	2,618,340
David Pickens	2,904,520
Will Setliff	--
Teresa Sebastian	--
David Lothrop	--
Kim Lopdrup	1,973,500
Robert McAdam	--
Daisy Ng	--
Michael Barnes	--
Leonard Berry	--
Christopher Fraleigh	--
Victoria Harker	--
David Hughes	--
Charles Ledsinger	--
William Lewis	--
Connie Mack	--
Michael Rose	--
Maria Sastre	--
William Simon	--

As Of 26 May 2012

Options Compensation

Name	Options	Value
Clarence Otis	1,128,323	19,959,200
Andrew Madsen	768,631	12,322,010
C. Bradford Richmond	26,000	675,273
David George	0	0
Valerie Insignares	0	0
Eugene Lee	147,821	2,337,880
David Pickens	35,000	840,336
Will Setliff	0	0
Teresa Sebastian	0	0
David Lothrop	0	0
Kim Lopdrup	129,000	1,643,240
Robert McAdam	0	0
Daisy Ng	0	0
Michael Barnes	0	0
Leonard Berry	0	0
Christopher Fraleigh	0	0
Victoria Harker	0	0
David Hughes	0	0
Charles Ledsinger	0	0
William Lewis	0	0
Connie Mack	0	0
Michael Rose	0	0
Maria Sastre	0	0
William Simon	0	0

Insider Trading

Name	Shares Traded	Price
SASTRE MARIA A	3,000	$51.38
SASTRE MARIA A	3,000	$18.82
BERRY LEONARD L	3,000	$51.79
BERRY LEONARD L	3,000	$18.82
FRALEIGH CHRISTOPHER J	675	$46.23
SASTRE MARIA A	506	$46.23
LEWIS WILLIAM M JR	11,000	$44.91
FRALEIGH CHRISTOPHER J	546	$53.53
SASTRE MARIA A	409	$53.53
BUETTGEN JAMES J	65,288	$55.43
BUETTGEN JAMES J	35,000	$33.10
BUETTGEN JAMES J	30,288	$35.81
PICKENS DAVID T	31,500	$19.32
PICKENS DAVID T	31,500	$55.33
LOTHROP DAVID R	8,000	$21.16
LOTHROP DAVID R	8,000	$55.90
LEE EUGENE I JR	62,357	$56.47
RICHMOND C BRADFORD	21,000	$19.32
MADSEN ANDREW H	80,000	$56.52
RICHMOND C BRADFORD	32,250	$56.66
LEE EUGENE I JR	62,357	$33.44
MADSEN ANDREW H	80,000	$19.32
RICHMOND C BRADFORD	11,250	$21.16
BARNES MICHAEL W	1,823	$0.00
SIMON WILLIAM S	1,823	$0.00

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People: Darden Restaurants Inc (DRI)

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Summary

Biographies

Basic Compensation

Options Compensation

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