Clarence Otis Jr., Darden’s chief executive officer
Activist investor Barington Capital Group LP ramped up pressure on Darden Restaurants Inc. Wednesday, urging the casual-dining company’s board to consider looking for a new chief executive. Barington, along with activist investor Starboard Value L.P., has urged Darden to take more steps than the announced spinoff of the 706-unit Red Lobster chain and to allow shareholders to vote on Darden’s plans. Barington said it has “lost confidence” in Clarence Otis Jr., ...
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Contact: Desiree Torres Desiree.Torres@penton.com