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Stock Market & Financial Investment News

News Breaks
August 15, 2014
09:03 EDTDRIDarden retains Russell Reynolds for CEO search
Darden announced that it has retained global executive search firm Russell Reynolds Associates to assist the company with the recruitment of its next CEO. As previously announced, Clarence Otis is stepping down as Chairman and Chief Executive Officer of Darden. To ensure a smooth transition, Charles Ledsinger has been appointed Independent Non-Executive Chairman of the Board, and Otis has agreed to continue serving as Chief Executive Officer of Darden until the earlier of the appointment of his successor or December 31. Ledsinger is leading the search along with the Board's Nominating and Governance Committee, which consists solely of independent directors. Russell Reynolds Associates will work closely with the Committee and the Darden board.
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