DARDEN RESTAURANTS, INC. ANNOUNCES NEW BOARD MEMBER
Darden Restaurants (NYSE: DRI) has appointed Daryl Kenningham to its Board of Directors, expanding the board from nine to ten members.
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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.
Details
News Market Reaction – DRI
The recorded move for DRI in the trading session of this news was -0.20%.
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"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
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:
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View original content:https://www.prnewswire.com/news-releases/darden-restaurants-inc-announces-new-board-member-302326638.html
SOURCE Darden Restaurants, Inc.: General
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