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Form 8-K · Current Report · Filed 2024-04-03

Darden Restaurants Appoints New President for Business Development

On April 2, 2024, Darden Restaurants, Inc.

Filer
Darden Restaurants Inc. DRI · NYSE
Filed
Accession
0000940944-24-000019
CIK
0000940944
Signal
Medium impactConsumer Cyclical

Details

announced that Todd A. Burrowes, the current President of LongHorn Steakhouse, will be appointed as President of Business Development, effective May 27, 2024. Mr. Burrowes will transition from his current role upon assuming the new position.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

New President Appointed

Market reaction

Close before filing

$163.98

Next session

-3.3%

Since filing

+24.1%

Latest close

$203.58

What happened, not what will happen — closing prices around the filing date.

About Darden Restaurants Inc.

Darden Restaurants Inc. holds a prominent position in the U.S. restaurant industry as an owner and operator of several well-known dining chains. Its primary function is to deliver dining experiences through its diverse brand portfolio, which includes iconic names like Olive Garden, LongHorn Steakhouse, and The Capital Grille. These brands cater to a wide range of customer preferences, offering everything from casual Italian-American meals to upscale steakhouse dining. Darden Restaurants is notable for its emphasis on quality food and customer service. It plays a crucial role in the restaurant sector, influencing dining trends and consumer choices across the nation. As a major player, Darden's operational strategies and economic performance significantly impact the hospitality and food service industries, making it a bellwether for restaurant sector dynamics. The company continuously adapts to changing consumer tastes, leveraging its scale to innovate and maintain competitive advantages in a crowded marketplace. Based in Orlando, Florida, Darden Restaurants Inc. continues to be a leader in delivering culinary experiences to millions of patrons annually.

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