Jeff Smith Takes Reins Of Board At Darden Restaurants

Darden Restaurants, Inc. (NYSE:DRI) named Gene Lee, who was earlier president and chief operating officer, as interim chief executive officer. The announcement comes barely a week after Starboard Value LP won its standoff with the company.

Darden shareholders recently decided to elect all of Starboard’s nominees to its board.

Starboard wins control of Darden’s board
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