Tag Archive | Clarence Otis

Clarence Otis, Jr., Joins Healthy Dining Board of Directors

Clarence Otis, Jr., Joins Healthy Dining Board of Directors

Former CEO and Chairman of Darden Restaurants, Inc., brings his business and leadership expertise to America’s first ever B2B and B2C restaurant nutrition digital health company Clarence Otis, Jr., will join the board of directors of Healthy Dining, the leading provider of nutrition-related services and technologies to the restaurant industry […]

Read the full story

Posted in News

Darden Announces Leadership Succession Plan

Darden Restaurants, Inc. (NYSE: DRI) today announced that Clarence Otis is stepping down as Chairman and Chief Executive Officer of the Company.  Darden’s Board of Directors has appointed the Company’s current Independent Lead Director, Charles A. Ledsinger, Jr., as Independent Non-Executive Chairman of the Board, effective immediately.  The Company also […]

Read the full story

Posted in News

Darden Completes Sale Of Red Lobster To Golden Gate Capital

Darden Positioned to Improve Operations, Reduce Costs and Focus on Value-Creating Opportunities Darden Restaurants, Inc. (NYSE: DRI) and Golden Gate Capital today announced that Golden Gate has completed the acquisition of the Red Lobster business and certain other related assets and assumed liabilities for approximately $2.1 billion in cash. The […]

Read the full story

Posted in News

Darden Announces Sale of Red Lobster to Golden Gate Capital for $2.1 Billion

Darden Restaurants, Inc. (NYSE: DRI) today announced that it has entered into a definitive agreement to sell its Red Lobster business and certain other related assets and assumed liabilities to Golden Gate Capital for $2.1 billion in cash. Darden expects to receive net cash proceeds, after tax and transaction costs, […]

Read the full story

Posted in News

Salli Setta Named Red Lobster President; Dave Pickens Appointed Chief Restaurant Operations Officer for Darden

Darden Restaurants, Inc. (NYSE: DRI) today announced two senior leadership appointments: Salli Setta will become President of Red Lobster.  In her new role, she will lead all aspects of the iconic brand with more than 700 restaurants, 60,000 employees and $2.6 billion in annual sales. Dave Pickens will become the […]

Read the full story

Posted in News

Darden Provides Update on its Restaurant Staffing Plans Under Healthcare Reform

Darden Restaurants, Inc. today provided an update on its full-time staffing plans for 2014 following thorough testing of potential changes in the composition of its workforce in connection with healthcare reform.  The company has determined that: None of Darden’s current full-time employees, hourly or salaried, will have their full-time status […]

Read the full story

Posted in News

Darden Restaurants Earns National Recognition for Diversity

Darden Restaurants has been recognized by three national publications for its commitment to diversity in its business practices and among its family of restaurants: Red Lobster, Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V’s and Yard House. Darden has been honored with the following recognitions: […]

Read the full story

Posted in News

Darden Restaurants Completes Acquisition of Yard House USA, Inc.

Darden Restaurants, Inc. (NYSE: DRI) today announced that it has completed the acquisition of Yard House USA, Inc. for $585 million in an all-cash transaction from private equity firm TSG Consumer Partners LLC, management and investors. This follows the agreement that was announced on July 12, 2012. The total transaction […]

Read the full story

Posted in News

Darden Restaurants Publishes 2012 Sustainability Report; Notes Strong Progress with ‘People, Planet, Plate’ Initiatives

Darden Restaurants has issued its second sustainability report noting it has made progress in all areas of sustainability across its more than 1,900 restaurants, 180,000 employees and global supply chain. Most notably, the company has exceeded its 2015 goal of reducing water consumption in each of its restaurants by 15 […]

Read the full story

Posted in News

Darden Restaurants Agrees To Acquire Yard House USA, Inc. For $585 Million

Darden Restaurants, Inc. (NYSE: DRI) today announced that it has agreed to acquire Yard House USA, Inc. for $585 million in an all-cash transaction from private equity firm TSG Consumer Partners LLC, management and investors.  The total transaction price of $585 million includes approximately $30 million of cash tax benefits that […]

Read the full story

Posted in News

Darden Restaurants, Inc. Announces New Board Members

Darden Restaurants, Inc. has elected Michael W. Barnes, chief executive officer of Signet Jewelers Limited, and William S. Simon, president and chief executive officer of Walmart U.S., to its board of directors effective June 19, 2012. “Mike and Bill both bring a wealth of leadership experience to our board of […]

Read the full story

Posted in News

Darden Adds Puerto Rico to International Growth Plans with Announcement of Area Development Agreement with ROI

Darden Restaurants, Inc. (NYSE: DRI) today announced it has entered into an area development agreement with Restaurant Operators, Inc. (ROI) to develop and operate Darden’s Olive Garden and LongHorn Steakhouse brands in Puerto Rico. ROI already operates five LongHorn units in Puerto Rico as part of an agreement that was […]

Read the full story

Posted in News

Leadership In Living Color

In celebration of Black History Month, The Multicultural Foodservice & Hospitality Alliance (MFHA) will release its 4th Annual Tribute to Black Leadership in Hospitality, which honors high ranking Black leaders in the restaurant, lodging, and food manufacturing industries. Each year, MFHA profiles the top Black Leaders in the industry as […]

Read the full story

Posted in News

Darden Restaurants Named to Fortune’s “100 Best Companies To Work For” List For Second Consecutive Year

Darden Restaurants, Inc. (NYSE: DRI), whose restaurant brands include Red Lobster, Olive Garden, LongHorn Steakhouse and more, announced today that it has been recognized for the second consecutive year by FORTUNE magazine as one of the “100 Best Companies to Work For.”  Darden, ranked # 99, is the largest employer […]

Read the full story

Posted in News