date:Jul 30, 2014
group that holds more than 2 percent of Darden's shares.
Howard Penney, a restaurant analyst at Hedgeye Risk Management and a vocal critic of Darden's management, had a one word reaction to the CEO's departure and the other news: Amen!
Otis, who has been charge for a decade, will remain CEO until Dec. 31 or until a replacement is appointed.
Darden named independent lead director, Charles Ledsinger Jr, as independent non-executive chairman, effective immediately.
Earlier on Monday, Darden sai