Darden Restaurants has been making big changes. And the company is on the edge of having to make even bigger ones after completing the sale of Red Lobster and announcing that its CEO will step down on the very same day.
Darden announced yesterday that Clarence Otis is stepping down from his position as chairman and CEO of the company. Otis will continue to serve as CEO until the appointment of a successor, or the end of 2014, but the role of chairman and CEO has now been cleaved into two positions.
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