'At a time of unprecedented change in our industry, the Board concluded that it is in the best interests of the Company to combine the roles of Chairman and CEO in order to drive the most efficient execution of its long-term strategy,' said Sonsteby. 'Gene is an extraordinary leader with a passion for our business and team members resulting from decades of restaurant operating experience and successful executive leadership. He has delivered significant value for shareholders and we believe this is the right time for him to assume this role.'
'I am honored to serve as the Chairman of the Board of Directors. I want to thank Chuck for his leadership and mentorship as Chairman. Strong independent leadership on the Board is important and I am confident that as the Lead Independent Director, Chuck will continue to provide strong leadership and oversight to Darden,' said
Additionally,
Prior to being named CFO,
Finally, the Company has named
'The organizational changes announced today reflect our intention to provide Rick and Raj a diversity of experience while creating growth opportunities for them. Rick has been a strong partner over the past five years and this role will provide him the opportunity to oversee new areas of the business while broadening his influence across Darden,' said Lee.
Lee continued, 'Raj has done an exceptional job in his current role at Darden. His promotion to CFO recognizes his significant contributions and will allow him to broaden his responsibilities while assuming a more strategic role across Darden.'
These organizational changes will take effect on
About Darden
Darden is a restaurant company featuring a portfolio of differentiated brands that include Olive Garden,
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