Investor presses Darden to separate chairman, CEO roles

Investor presses Darden to separate chairman, CEO roles

Barington says an independent chairman will protect shareholder interests

Activist investor Barington Capital Group LP pressed the board of Darden Restaurants Inc. on Thursday to separate the company’s chairman and chief executive roles as it continued to push for more changes at the Red Lobster-Olive Garden parent.

Clarence Otis has held both titles at Orlando, Fla.-based Darden since 2005, and his management offered a plan in December to sell or spin off of the 705-unit Red Lobster chai

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