Bill Simon snags seat on Darden board
Darden Restaurants has named Bill Simon, former CEO of Walmart U.S., to its board of directors.
Simon is no stranger to the restaurant business. He spent more than a year as senior vice president of global business development for Brinker International before moving to Wal-Mart Stores. He also served on the Darden board for two years but chose not to seek re-election in 2013.
Darden, the parent of Olive Garden and Longhorn Steakhouse, is a company in transition with Gene Lee recently named as interim CEO following the retirement of Clarence Otis.
Last week, the activist Starboard Value L.P. won a proxy contest for all 12 seats on Darden’s board of directors. That kind of turnover, coupled with the fact that Darden is looking for a new CEO, has already led to concerns about uncertainty surrounding the company.