leadership
confidence high
sentiment neutral
materiality 0.25
Darden Restaurants elects Daryl A. Kenningham as new board member, effective Dec. 9, 2024
DARDEN RESTAURANTS INC
- Board expanded from 9 to 10 directors; Kenningham appointed immediately.
- Kenningham is President and CEO of Group 1 Automotive, a multi-unit operator.
- Appointed to Audit Committee ($17,500 retainer) and Compensation Committee ($12,500 retainer).
- Receives prorated annual cash retainer of $100,000 and $185,000 in restricted stock units.
- Board determined Kenningham is independent and qualifies as an audit committee financial expert.