BNET Industries

Market Cap:$4.9B
Last Fiscal Year Sales:$6.6B
  • Public
  • US
Dow Jones Description

Darden Restaurants, Inc. is the world's largest casual dining restaurant company (based on market share, sales and number of company-owned and operated restaurants). We operate nearly 1,400 Red Lobster, Olive Garden, Bahama Breeze, Smokey Bones Barbeque & Grill and Seasons 52 restaurants in North America, employing more than 150,000 people who serve 300 million meals annually. All of our restaurants are company-owned, and Darden offers no franchise opportunities domestically.

Chief Executive Officer
Clarence Otis Jr.
Number of Employees 179,000
Contact Information

5900 Lake Ellenor Dr

Orlando, Florida 32809

darden.com

(407) 245-4000

NAICS Code Full-Service Restaurants: 722110

Recent Events

  • Darden Restaurants 2Q profit up, but narrows view

    12/19/09 - Stock Split / Dividend - View Story

  • Run With Nike But Don't Touch The Lobster

    12/18/09 - Financial Announcement - View Story

  • News on Bank Rules Abroad Lift Futures

    12/16/09 - Bond / Stock Rating - View Story

  • Permobil says Darden, OSI restaurant groups benefitted from fraud

    12/07/09 - Lawsuit Filed - View Story

  • Darden customers to create their own seafood feast

    11/16/09 - Board Member - Entering - View Story

  • Deutsche Bank Initiates Coverage on Darden Restaurants DRI with a Hold; Valuation Holds Us on...

    10/27/09 - Bond / Stock Rating - View Story

  • Deutsche Bank Starts Darden DRI at Hold; $30 Price Target

    10/26/09 - Bond / Stock Rating - View Story

  • Zacks Industry Outlook Highlights: BJs Restaurants Inc., Darden Restaurants Inc., Buffalo Wild Wings Inc., McDonalds...

    10/20/09 - Planned Site Openings - View Story

  • Dinner Out On The Cheap

    10/18/09 - Financial Announcement - View Story

  • Economics Reports Could End Rally

    9/27/09 - Merger / Acquisition - View Story

  • Highlights From Darden DRI Q1 Conference Call: Same-Store-Sales Fall, But Don't Expect Any Discounts On...

    9/30/09 - Financial Announcement - View Story

  • AIG: Analysts' Upgrades, Downgrades

    9/01/09 - Bond / Stock Rating - View Story

  • Darden Restaurants Q4 net earnings up

    6/25/09 - Financial Announcement - View Story

News & Analysis

darden restaurants inc. and krispy kreme doughnuts inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Clarence Otis Jr. Chief Executive Officer
Andrew H. Madsen President
Blaine Sweatt III President, New Business, Development
David C. George President of Longhorn Steakhouse
David T. Pickens President, Olive Garden
Eugene I Lee Jr President
Odie C. Donald President, Odie
Brad Richmond Cfo, Senior Vice President
C. Bradford Richmond Cfo & Senior Vice President
Valerie K. Collins CIO, Controller & Senior Vice President
John Caron Executive Vice President, Marketing, Olive Garden
Mark I. McCallum Executive Vice President, Marketing, Red Lobster
Salli Setta Executive Vice President, Marketing, Red Lobster
Barry B. Moullet Senior Vice President, Supply Chain
Daisy Ng Senior Vice President, Human Resources
Daniel M. Lyons Senior Vice President, Human Resources
G. Thomas Vogel Senior Vice President, Operations, West, Southeast Divisions
Ian Baines President, Smokey Bones & Senior Vice President
James J. Buettgen Senior Vice President, Business Dev
John Hatton Senior Vice President, Marketing, Smokey Bones
Kim A. Lopdrup President, Red Lobster & Senior Vice President
Lauire B Burns Senior Vice President & President, Bahama Breeze
Laurie B. Burns President, Bahama Breeze & Senior Vice President
Mark Censoprano Senior Vice President, Brand Mgmt, Olive Garden
Paula J. Shives General Counsel, Secretary & Senior Vice President
Richard J. Walsh Senior Vice President, Corp Affairs
Robert McAdam Senior Vice President Gov't & Community Affairs
Ron Bojalad Senior Vice President, Group Human Resources
Stephen Judge President, Seasons 52 & Senior Vice President
Suk Singh Senior Vice President, Dev
A. Stoddard Crane Vice President, Business Growth & Acq
Chip Brown Vice President, Marketing, Bahama Breeze
Gerald Kunde Vice President, Govt Rel
Jim DeSimone Vice President, Media & Comm
Maria A. Sastre Vice President International, Latin America
Mark Censporano Vice President, Brand Marketing, Olive Garden
Stoddard Crane Vice President, Business Growth & Acq
Christine Hade Director, Brand Marketing, Olive Garden
Donna Dozier Gordon Senior Director, Restaurant Support Services
Kennan Burch Director, Marketing, Red Lobster
Michael Friedman Director, Interactive Marketing
Kevin M. Shaw Manager
Connie Mack III Senior Policy Advisor, King & Spalding Llp
Gregory Hales
Nancy Carter Supervisor
Leonard L. Berry Director

Board of Directors

Name (plus bio) Position
Clarence Otis Jr. Director, Chairman of The Board and Chief Executive Officer (Principal Executive Officer)
William M. Lewis Managing Director and Co-Chairman, Investment
Jack A. Smith Chair
Joe Lee Chairman, Darden, Restaurants, Inc.
Michael D. Rose Chairman of The, Executive Committee, Gaylord Entertainment
Charles A. Ledsinger Jr. Board of Directors
Christopher J Fraleigh Board of Directors
Cornelius McGillicuddy, III Board of Directors
Cornelius McGuillicuddy Board of Directors
David H. Hughes Board of Directors
M William Jr Board of Directors

Organization Position Status
Darden Restaurants, Inc. Chief Executive Officer Current
Darden Restaurants, Inc. Chairman of the Board Current
Verizon Communications Inc. Board of Directors Current
Aura From The Women At Wrangler Board of Directors Current
Riders Jeans Board of Directors Current
VF Corporation Director Current
Smokey Bones Barbeque & Grill President Former
Darden Restaurants, Inc. Chief Financial Officer Former
Darden Restaurants, Inc. Executive Vice President Former
Smokey Bones Barbeque & Grill Executive Vice President Former
Darden Restaurants, Inc. Senior Vice President Former
Public Finance Inc. Managing Director Former
Public Finance Inc. Manager Former
The Executive Leadership Council Board of Directors Former
Williams College BA Former

Clarence Otis, Jr., age 53, has been our Chairman of the Board since November 2005, Chief Executive Officer since November 2004, and a Director since September 2004. Mr. Otis was our Executive Vice President from March 2002 until November 2004 and President of Smokey Bones Barbeque & Grill from December 2002 until November 2004. He served as our Senior Vice President from December 1999 until March 2002, and our Chief Financial Officer from December 1999 until December 2002. He joined us in 1995 as Vice President and Treasurer. He served as our Senior Vice President, Investor Relations from July 1997 to August 1998, and as Senior Vice President, Finance and Treasurer from August 1998 until December 1999. From 1991 to 1995, he was employed by Chemical Securities, Inc. (now J.P. Morgan Securities, Inc.), an investment banking firm, where he had been Managing Director and Manager of Public Finance.

Organization Position Status
Darden Restaurants, Inc. Director, Chairman of The Board and Chief Executive Officer (Principal Executive Officer) Current
VF Corporation Director Current
Smokey Bones Barbeque & Grill President Former
Darden Restaurants, Inc. Executive Vice President Former
Public Finance Inc. Managing Director Former
Public Finance Inc. Manager Former

Organization Position Status
Darden Restaurants, Inc. President Current
Darden Restaurants, Inc. Board of Directors Current
Olive Garden President Former
GMRI, Inc. President & Coo Former
Olive Garden Executive Vice President of Marketing Former
Darden Restaurants, Inc. Chief Operating Officer Current
James River Corporation Vice President Former
James River Corporation General Manager Former

Organization Position Status
Darden Restaurants, Inc. President, New Business, Development Current
Red Lobster Director, New Restaurant Concept Development Current
Darden Restaurants, Inc. President, New Business Development & Executive Vice President Former
Red Lobster NA Former
Darden Restaurants, Inc. Board of Directors Former

Organization Position Status
Longhorn Steakhouse President Current
Rare Hospitality International, Inc. President, Longhorn Steakhouse Current
Darden Restaurants, Inc. President of Longhorn Steakhouse Current
Longhorn Steakhouse Rare S Senior Vice President of Operations Former
The Capital Grille Vice President, Operations Former
Battleground Restaurant Group Inc. Vice President, Operations Former
Longhorn Steakhouse Vice President, Operations, North Former
Michigan State University Bachelor's Degree In Hotel & Restaurant Management Former

Organization Position Status
Olive Garden Italian Restaurant President Current
Darden Restaurants, Inc. President, Olive Garden Current
Olive Garden President Current
Olive Garden Senior Vice President of Operations Current
Darden Restaurants, Inc. President, Olive Garden & Senior Vice President Current
Red Lobster Senior Vice President of Operations Former
Red Lobster Director of Operations Former
Red Lobster Manager Trainee Former

Organization Position Status
Darden Restaurants, Inc. President Current

Organization Position Status
Darden Restaurants, Inc. President, Odie Current
Darden Restaurants, Inc. Board of Directors Current
Cable Com Inc. Chief Executive Officer Former
The DIRECTV Group, Inc. President Former
Syniverse Holdings, Inc. Board of Directors Current
The DIRECTV Group, Inc. consultant Former

Organization Position Status
Darden Restaurants, Inc. Cfo, Senior Vice President Current
Strategic Planning, Inc. Senior Vice President Former
Olive Garden Senior Vice President, Finance Former
Olive Garden Controller Former
Red Lobster Controller Former
Casa Gallardo Beverage Analyst Former

Organization Position Status
Darden Restaurants, Inc. Cfo & Senior Vice President Current
Strategic Planning, Inc. Senior Vice President Former
Olive Garden Senior Vice President, Finance Former
Red Lobster Senior Vice President Finance, Strategic Planning Former
Olive Garden Controller Former
Darden Restaurants, Inc. Corporate Controller Former
Red Lobster Controller Former
Casa Gallardo Food and Beverage Analyst Former

Organization Position Status
Darden Restaurants, Inc. CIO, Controller & Senior Vice President Current
Red Lobster Chief Information Officer Former
Red Lobster Senior Vice President, Finance Former
Accounting Systems, Inc. Manager Former
Red Lobster Controller Former

Organization Position Status
Darden Restaurants, Inc. Executive Vice President, Marketing, Olive Garden Current

Organization Position Status
Darden Restaurants, Inc. Executive Vice President, Marketing, Red Lobster Current

Salli Setta Executive Vice President, Red Lobster Marketing Salli Setta is Executive Vice President of Red Lobster Marketing and leads the Brand Marketing, Culinary and Beverage, Consumer Insights and Media and Communications teams for a company of 682 restaurants and $2.58 billion in annual sales. Salli joined Red Lobster in April 2005 after serving as Senior Vice President, Culinary and Beverage at Olive Garden for four years. In that role, she led the technical and creative development of Olive Garden’s award-winning menu and wine list, bringing more approachably authentic Italian dishes and extensive selection of wine to Olive Garden guests. In 2003, her culinary team garnered a MenuMaster’s award for “Best Menu Revamp” from Nation’s Restaurant News. In February 2003, Salli received the honor of Restaurant Business’ “Menu Strategist of the Year” in the casual dining industry. That same month, she was named as one of Nation’s Restaurant News’ “Top 50 R&D Culinarians.” Before that, Salli was Vice President of Brand Marketing, managing all local and national marketing and advertising for Olive Garden. She joined Olive Garden in 1990 as a sales promotion assistant and worked in nearly every marketing capacity at the restaurant company. Salli is a 1987 graduate of the University of Central Florida with a degree in Communication. She earned an MBA from Florida Institute of Technology in 1992. Salli is involved with the Women’s Foodservice Forum and participates in Darden Restaurants’ Mentor Program and Diversity Council. Salli lives in Orlando, Florida with her husband Greg and daughter Juliana. She enjoys spending time with her family, working out and reading.

Organization Position Status
Darden Restaurants, Inc. Executive Vice President, Marketing, Red Lobster Current

Organization Position Status
Darden Restaurants, Inc. Senior Vice President, Supply Chain Current
Restaurant Services Inc Purchasing Positions Former
KFC Corporation Purchasing Positions Former
Pillsbury Purchasing Positions Former

Daisy Ng, age 51, has been our Senior Vice President, Human Resources since June 2009. From October 2005 to June 2009, she was our Senior Vice President of Talent Management. Prior to joining us, she was Chief Learning Officer and Vice President, Workforce Development for Hewlett-Packard, a technology company, from November 2003 to October 2005.

Organization Position Status
Darden Restaurants, Inc. Senior Vice President, Human Resources Current

Organization Position Status
Darden Restaurants, Inc. Senior Vice President, Human Resources Current
Olive Garden Senior Vice President of Personnel Former
Quaker Oats Company Vice President Human Resources Former

Organization Position Status
Darden Restaurants, Inc. Senior Vice President, Operations, West, Southeast Divisions Current
Darden Restaurants, Inc. Concept Development Director Former

Organization Position Status
Darden Restaurants, Inc. President, Smokey Bones & Senior Vice President Current

Organization Position Status
Darden Restaurants, Inc. Senior Vice President, Business Dev Current
Smokey Bones Barbeque & Grill President Former
Smokey Bones Barbeque & Grill Senior Vice President Former
Brinker International, Inc. Senior Vice President of Marketing and Brand Development Former
Disneyland Resorts Senior Vice President of Marketing and Sales Former
General Mills, Inc. Marketing Positions Former

Organization Position Status
Darden Restaurants, Inc. Senior Vice President, Marketing, Smokey Bones Current

Organization Position Status
Red Lobster President Current
Red Lobster Executive Vice President of Marketing Current
Darden Restaurants, Inc. President, Red Lobster & Senior Vice President Current
Red Lobster Senior Vice President Former
Allied Domecq Quick Service Restaurants Former

Organization Position Status
Darden Restaurants, Inc. Senior Vice President & President, Bahama Breeze Current

Organization Position Status
Darden Restaurants, Inc. President, Bahama Breeze & Senior Vice President Current
Bahama Breeze President Former
Red Lobster Vice President of Development Former

Organization Position Status
Darden Restaurants, Inc. Senior Vice President, Brand Mgmt, Olive Garden Current

Organization Position Status
Darden Restaurants, Inc. General Counsel, Secretary & Senior Vice President Current
Darden Restaurants, Inc. Secretary Current
Darden Restaurants, Inc. General Counsel Former

Organization Position Status
Darden Restaurants, Inc. Senior Vice President, Corp Affairs Current
Florida Chamber of Commerce Current
General Mills, Inc. Vice President of Government and Community Relations Former
General Mills, Inc. Manager of Government Affairs Former

Organization Position Status
Wal-Mart Stores, Inc. Senior Vice President, Government & Community Affairs Current
Darden Restaurants, Inc. Senior Vice President Gov't & Community Affairs Current
Fleishman-Hillard Inc. Senior Vice President Former
Wal-Mart Stores, Inc. Vice President, Corporate Affairs Former

Organization Position Status
Darden Restaurants, Inc. Senior Vice President, Group Human Resources Current

Organization Position Status
Darden Restaurants, Inc. President, Seasons 52 & Senior Vice President Current

Organization Position Status
Darden Restaurants, Inc. Senior Vice President, Dev Current

Organization Position Status
Darden Restaurants, Inc. Vice President, Business Growth & Acq Current

Organization Position Status
Darden Restaurants, Inc. Vice President, Marketing, Bahama Breeze Current

Organization Position Status
Darden Restaurants, Inc. Vice President, Govt Rel Current

Organization Position Status
Darden Restaurants, Inc. Vice President, Media & Comm Current

Organization Position Status
Darden Restaurants, Inc. Vice President International, Latin America Current
Darden Restaurants, Inc. Board of Directors Current
Laidlaw International Inc. Board of Directors Current
Laidlaw International Inc. Resources & Compensation Committee Member Current

Organization Position Status
Darden Restaurants, Inc. Vice President, Brand Marketing, Olive Garden Current

Organization Position Status
Darden Restaurants, Inc. Vice President, Business Growth & Acq Current

Organization Position Status
Darden Restaurants, Inc. Managing Director and Co-Chairman, Investment Current
Darden Restaurants, Inc. Board of Directors Current

Organization Position Status
Darden Restaurants, Inc. Director, Brand Marketing, Olive Garden Current

Organization Position Status
Darden Restaurants, Inc. Senior Director, Restaurant Support Services Current

Organization Position Status
First Baptist Church of Orlando, Inc. First Vice President Current
Darden Restaurants, Inc. Director, Marketing, Red Lobster Current
Non-Profit Presidents Current
Disney Co Player Former

Organization Position Status
Darden Restaurants, Inc. Director, Interactive Marketing Current

Kevin Shaw i91 HRIM is manager of employment for Smokey Bones, a division of Darden Restaurants, in Orlando, Florida. In this current role, he is responsible for overseeing a team that is charged with staffing both new and existing restaurants, maintaining relationships with hospitality programs at various campuses and increasing the diversity of the chainis management. Prior to joining Smokey Bones, Shaw was employed by Eatin Park Hospitality Group for more than a decade as a restaurant manager, manager of recruitment, director of recruitment and finally director of client development. Shaw received the iVolunteer of the Yeari Award from the Penn State Alumni Association in 2000 and the "Emerging Professional" Award from PSHRS in 2001. He has served as a mentor in the College of Health and Human Development Mentoring Program since 2003. Site Menu: About the College | News and Events | Schools and Departments | Clinics and Research Centers | Faculty and Administration | Current Students | Prospective Students | Careers and Mentoring | Research | Outreach and Continuing Education | Alumni and Friends | Philanthropy | Contact Information | HHD Home | Penn State Home

Organization Position Status
Darden Restaurants, Inc. Manager Current
Pshrs Board of Directors Current

Organization Position Status
Liberty Partners, L.P. Partner Current
Liberty Partners, L.P. Senior Policy Advisor Current
Darden Restaurants, Inc. Senior Policy Advisor, King & Spalding Llp Current
King & Spalding LLP Senior Policy Advisor Current
Moody's Corporation Board Director Current
Darden Restaurants, Inc. Board of Directors Current
Mutual, Inc. Director Current
Genzyme Corporation Board of Directors Current
Mutual of America Life Insurance Company Board of Directors Current
EXACT Sciences Corporation Board of Directors Current
National Institutes of Health Member Current
State of Florida.Com United States Senator Former
H. Lee Moffitt Cancer Center & Research Institute, Inc Chairman, Board Former
Genzyme Corporation Nominating, Governance Committee Chairman Former
Genzyme Corporation Board Director Former
University of Florida BS in Business Administration Former

Organization Position Status
Guestbridge, Inc. Manager, Business Development Current
McCann WorldGroup Current
Darden Restaurants, Inc. Current

Nancy Carter, SCRP, GMS, is Supervisor, Relocation for Darden Restaurants Inc. at their corporate headquarters in Orlando, FL where she has been involved with relocation for 29 of her 35 year tenure with the company. Nancy is responsible for administering Darden's relocation program to all the restaurant brands which include Red Lobster, Olive Garden, Bahama Breeze, Longhorn Steakhouse, Capital Grille and Seasons 52 as well as the corporate office. This includes policy development, overseeing service providers and monitoring their performance, inventory management, monthly reporting and reconciliations to the appropriate HR and finance areas. Nancy received her CRP designation in 1996 and earned Worldwide ERC 's Meritorious Service Award in 2004 and the Distinguished Service Award in 2008. She has served on numerous worldwide ERC Committees and joined the board of directors in 2006. She has also earned her GMS designation in 2006.

Organization Position Status
Darden Restaurants, Inc. Supervisor Current

Organization Position Status
Darden Restaurants, Inc. Chair Current
Darden Restaurants, Inc. Board of Directors Former
Take Care Health Systems - Employer Solutions Group Board of Directors Former

Organization Position Status
Darden Restaurants, Inc. Chairman, Darden, Restaurants, Inc. Current
Tupperware Corporation Board of Directors Current
Darden Restaurants, Inc. CEO Former
Darden Restaurants, Inc. Board of Directors Former

Organization Position Status
Homewood Suites Operator Current
Hampton Inn & Suites Operator Current
Hampton Inn Operator Current
Gaylord Entertainment Company Chairman Current
Darden Restaurants, Inc. Chairman of The, Executive Committee, Gaylord Entertainment Current
Promus Hotel Corporation Chairman Current
Gaylord Entertainment Company Board of Directors Current
Council Ventures, LP Board of Directors Current
Gen Mills, Inc. Director Current
University of Memphis Board of Directors Current
Darden Restaurants, Inc. Director Current
FelCor Lodging Trust Incorporated Board of Directors Current
First Horizon National Corporation Member of Credit Policy & Executive Committee Current
Holiday Inns President Former
Holiday Inns Attorney Former
Harrah's Entertainment, Inc. Chairman Former
First Horizon National Corporation Chairman Former
Stein Mart, Inc. Board of Directors Former
First Horizon National Corporation Board of Directors Former
Harvard Law School Law Degree Former
University of Cincinnati Bachelor's Degree In Business Former

Organization Position Status
Global Hospitality Resources Vice Chairman and Chief Executive Officer Current
Horst Realty Company, LLC Vice Chairman and Chief Executive Officer Current
FelCor Lodging Trust Incorporated Chairman Current
FelCor Lodging Trust Incorporated Director Current
Choice Hotels International, Inc. Vice Chairman Current
University of Richmond Board Member Current
TBC Corporation Director Current
Darden Restaurants, Inc. Board of Directors Current
Choice Hotels International, Inc. Chief Executive Officer Former
Choice Hotels International, Inc. President Former
Harrah's Entertainment, Inc. Cfo Former
St. Joe Company Senior Vice President Former
Harrah's Entertainment, Inc. Senior Vice President Former
Harrah's Entertainment, Inc. Officer Former
St. Joe Company Officer Former
Choice Hotels International, Inc. Board Member Former
Global Hospitality Resources Board of Directors Former
University of Memphis Masters of Business Administration Former
University of Virginia Bachelor's Degree Former

Organization Position Status
Darden Restaurants, Inc. Board of Directors Current

Organization Position Status
Darden Restaurants, Inc. Board of Directors Current

Organization Position Status
Darden Restaurants, Inc. Board of Directors Current

Organization Position Status
Darden Restaurants, Inc. Board of Directors Current

Organization Position Status
Darden Restaurants, Inc. Director Current

Organization Position Status
Darden Restaurants, Inc. Board of Directors Current

Executive News

  • Casual Dining Chains Flip Switch On New Hours To Grow Sales

    CNN Money - 9/02/09 - View Story

  • Citrix Enhances Market Leading HDX Technology for High-Definition...

    MSN Money - 8/31/09 - View Story

  • Citrix Enhances Market Leading HDX Technology for High-Definition Virtual Desktops

    Business Wire - 8/31/09 - View Story

  • Red Lobster Named Top Seafood Chain in America

    PR Newswire - 8/20/09 - View Story

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     DRI $35.13 +2.38 (7.27% )
Average Volume 2,846,860
Shares Outstanding 139.62M
Market Cap 4.9B
Year High 41.21
Year Low 23.07
Earnings Per Share 2.74
P/E Ratio 12.82
Dividend 1.00
Yield 2.85
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