Darden hires search firm to find CEO

by Eric Schroeder
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ORLANDO, Fla. — Darden Restaurants Inc., one of the world’s largest full-service restaurant operators, has retained global executive search firm Russell Reynolds Associates to assist the company in the recruiting of its next CEO.

Clarence Otis is stepping down as chairman and CEO no later than Dec. 31. To ensure a smooth transition, Charles Ledsinger Jr. has been appointed independent non-executive chairman of the board.
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