DARDEN RESTAURANTS, INC. ANNOUNCES NEW BOARD MEMBER

Rhea-AI Summary

Darden Restaurants (NYSE: DRI) has appointed Daryl Kenningham to its Board of Directors, expanding the board from nine to ten members. Kenningham, 60, currently serves as President and CEO of Group 1 Automotive, bringing extensive experience in multi-unit operations and leadership of large, dispersed organizations.

Prior to his current role at Group 1 Automotive, which he assumed in January 2023, Kenningham served as the company's Chief Operating Officer and President of U.S. Operations. He also serves on the Board of Directors for Group 1 Automotive and the Greater Houston Partnership.

Positive

• Board expansion strengthens corporate governance with addition of experienced multi-unit operations executive
• New director brings relevant experience from leading a large, dispersed organization

Negative

• None.

ORLANDO, Fla., Dec. 9, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE: DRI) today announced the Board of Directors has appointed Daryl Kenningham as its newest member, effective immediately. With his appointment, the Company increased the size of the Board from nine to 10 members.

"My fellow Board members and I are delighted to welcome Daryl to the Board," said Cynthia Jamison, Chair of the Board of Directors. "His extensive experience with multi-unit operations, as well as his current role leading a large, dispersed organization will be tremendous assets to our Board."

Commenting on his appointment, Kenningham said, "Darden, with its impressive portfolio of brands, is an accomplished, well-respected company throughout the industry. I look forward to serving on this Board and working closely with my fellow members and Darden's leadership team to ensure the company remains the leader in full-service dining while continuing to deliver value for shareholders."

Kenningham, age 60, has served as President and Chief Executive Officer of Group 1 Automotive, a leading automotive retailer with operations in the United States and United Kingdom, since January 2023. Previously, he served as the Company's Chief Operating Officer. Prior to that, he served as President of U.S. Operations. Additionally, Kenningham serves on the Board of Directors of Group 1 Automotive and on the Board of Directors for the Greater Houston Partnership.

About Darden Restaurants
Darden is a restaurant company featuring a portfolio of differentiated brands that include Olive Garden, LongHorn Steakhouse, Yard House, Ruth's Chris Steak House, Cheddar's Scratch Kitchen, The Capital Grille, Chuy's, Seasons 52, Eddie V's and Bahama Breeze. For more information, please visit www.darden.com.

Contact:
Phil McClain 407-245-4476 (Analysts)
Rich Jeffers 407-245-4189 (Media)

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SOURCE Darden Restaurants, Inc.: General

FAQ

Who is the new board member appointed to Darden Restaurants (DRI)?

Daryl Kenningham, the President and CEO of Group 1 Automotive, has been appointed as the newest board member of Darden Restaurants.

How many members are now on Darden Restaurants' (DRI) board?

With Daryl Kenningham's appointment, Darden Restaurants' board increased from nine to ten members.

What is Daryl Kenningham's current role outside of Darden Restaurants (DRI)?

Daryl Kenningham serves as President and Chief Executive Officer of Group 1 Automotive, a leading automotive retailer with operations in the United States and United Kingdom.