Darden Restaurants Inc. on Monday said Clarence Otis Jr. would be stepping down this year from both the chairman and chief executive roles of the casual-dining operator. Orlando, Fla.-based Darden’s board appointed lead independent director Charles A. Ledsinger Jr., who has served since 2005, as independent non-executive chairman of the board, effective immediately. The company said it was also splitting the roles, which activist investors had urged in the wake of the ...

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