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Clarence Otis

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  • Darden's new board wants to change oversight rules

    Darden's new board wants to change oversight rules
    Darden Restaurants won't be able to ignore calls from shareholders for special meetings under a new set of corporate governance rules proposed Thursday.
  • Darden switches out CEO search firm

    Darden switches out CEO search firm
    Darden Restaurants and its new board of directors has dumped the search firm it previously hired to find a CEO and is starting over with Korn Ferry. The company had hired Russell Reynolds in August to find a new leader for the restaurant chain, but...

    Red Lobster revamps menu with seafood focus

    Red Lobster revamps menu with seafood focus
    With a greater emphasis on seafood, Red Lobster revamped its menu Monday in the first changes since the restaurant chain went private. Four new items and a reworked Ultimate Feast appeared on menus Monday along with a new national advertising campaign...

    Darden brings former Walmart exec back to board

     Darden brings former Walmart exec back to board
    Darden Restaurants is bringing back one of its former board directors by adding former Walmart executive Bill Simon as a 13th member, the company said Thursday. Simon decided not to run for re-election as a board director at last week's annual...

    New Darden board picks Gene Lee for interim CEO

    New Darden board picks Gene Lee for interim CEO
    Darden Restaurants' new board of directors went inside the company Tuesday for a temporary leader by choosing Chief Operating Officer Gene Lee for interim CEO. Starboard Value CEO Jeff Smith, who orchestrated the ouster of all 12 of Darden's former board...