Darden Restaurants Management

Management criteria checks 2/4

Darden Restaurants' CEO is Rick Cardenas, appointed in Jan 2021, has a tenure of 3.67 years. total yearly compensation is $12.00M, comprised of 9% salary and 91% bonuses, including company stock and options. directly owns 0.049% of the company’s shares, worth R$52.57M. The average tenure of the management team and the board of directors is 7.1 years and 9.9 years respectively.

Key information

Rick Cardenas

Chief executive officer

US$12.0m

Total compensation

CEO salary percentage	9.0%
CEO tenure	3.7yrs
CEO ownership	0.05%
Management average tenure	7.1yrs
Board average tenure	9.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rick Cardenas's remuneration changed compared to Darden Restaurants's earnings?
Date	Total Compensation	Salary	Company Earnings
Aug 25 2024	n/a	n/a	US$1b
May 26 2024	US$12m	US$1m	US$1b
Feb 25 2024	n/a	n/a	US$1b
Nov 26 2023	n/a	n/a	US$1b
Aug 27 2023	n/a	n/a	US$985m
May 28 2023	US$9m	US$1m	US$984m
Feb 26 2023	n/a	n/a	US$950m
Nov 27 2022	n/a	n/a	US$911m
Aug 28 2022	n/a	n/a	US$917m
May 29 2022	US$5m	US$796k	US$955m
Feb 27 2022	n/a	n/a	US$1b
Nov 28 2021	n/a	n/a	US$923m
Aug 29 2021	n/a	n/a	US$827m
May 30 2021	US$4m	US$745k	US$632m
Feb 28 2021	n/a	n/a	-US$216m
Nov 29 2020	n/a	n/a	-US$112m
Aug 30 2020	n/a	n/a	-US$184m
May 31 2020	US$3m	US$686k	-US$49m
Feb 23 2020	n/a	n/a	US$639m
Nov 24 2019	n/a	n/a	US$631m
Aug 25 2019	n/a	n/a	US$722m
May 26 2019	US$3m	US$687k	US$719m
Feb 24 2019	n/a	n/a	US$685m
Nov 25 2018	n/a	n/a	US$679m
Aug 26 2018	n/a	n/a	US$651m
May 27 2018	US$3m	US$614k	US$604m

Compensation vs Market: Rick's total compensation ($USD12.00M) is above average for companies of similar size in the BR market ($USD5.68M).

Compensation vs Earnings: Rick's compensation has increased by more than 20% in the past year.

CEO

Rick Cardenas (56 yo)

3.7yrs

Tenure

US$12,004,427

Compensation

Mr. Ricardo Cardenas, also known as Rick, serves as President at Darden Restaurants, Inc. since January 4, 2021 and its Chief Executive Officer and Director since May 30, 2022 and served as its Chief Opera...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ricardo Cardenas	CEO, President & Director	3.7yrs	US$12.00m	0.049% $ 52.6m
Rajesh Vennam	Senior VP & CFO	3.7yrs	US$3.86m	0.0086% $ 9.1m
Matthew Broad	Senior VP	8.9yrs	US$3.02m	0.012% $ 12.8m
Todd Burrowes	President of Business Development	less than a year	US$3.93m	0.041% $ 43.6m
Daniel Kiernan	President of Olive Garden	6.7yrs	US$3.82m	0.023% $ 24.6m
Christopher Chang	Senior VP & Chief Information Officer	8.4yrs	no data	no data
Susan Connelly	Senior VP and Chief Communications & Public Affairs Officer	9.1yrs	no data	0.0081% $ 8.6m
Sarah King	Senior VP and Chief People & Diversity Officer	7.5yrs	no data	0.00038% $ 404.6k
Douglas Milanes	Senior VP & Chief Supply Chain Officer	9.3yrs	no data	0.0032% $ 3.4m
John Martin	President of Specialty Restaurant Group	20.7yrs	US$3.17m	0.015% $ 15.7m
Kevin Kalicak	Senior Vice President of Finance for Olive Garden	less than a year	no data	no data
Jaime Bunker	Senior Vice President of Marketing - Olive Garden	2.7yrs	no data	no data

7.1yrs

Average Tenure

61yo

Average Age

Experienced Management: D1RI34's management team is seasoned and experienced (7.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ricardo Cardenas	CEO, President & Director	2.3yrs	US$12.00m	0.049% $ 52.6m
Margaret Atkins	Independent Director	9.9yrs	US$376.51k	0.0018% $ 1.9m
James Fogarty	Independent Director	10.7yrs	US$365.45k	0.021% $ 22.7m
Nana Mensah	Independent Director	7.8yrs	US$337.25k	0.000010% $ 10.6k
Charles Sonsteby	Independent Director	10.7yrs	US$399.11k	0.022% $ 23.8m
Cynthia Jamison	Independent Chair of the Board	10.7yrs	US$498.62k	0.0059% $ 6.2m
Timothy Wilmott	Independent Director	6yrs	US$348.65k	0.023% $ 24.3m
Juliana Chugg	Independent Director	2.5yrs	US$322.01k	0.0026% $ 2.8m
William Simon	Independent Director	9.9yrs	US$313.55k	0.0063% $ 6.7m

9.9yrs

Average Tenure

65yo

Average Age

Experienced Board: D1RI34's board of directors are considered experienced (9.9 years average tenure).

Darden Restaurants Management

Management criteria checks 2/4

Key information

Recent management updates

Darden Restaurants, Inc., Annual General Meeting, Sep 18, 2024

Darden Restaurants, Inc. Announces Re-Designation of Todd A. Burrowes from President, LongHorn Steakhouse to President, Business Developmentm, Effective May 27, 2024

Darden Restaurants, Inc. Announces Board Changes

Darden Restaurants, Inc., Annual General Meeting, Sep 20, 2023

Darden Restaurants, Inc., Annual General Meeting, Sep 21, 2022

Darden Restaurants, Inc. Announces Executive Changes, Effective January 4, 2021

Recent updates

Darden Restaurants, Inc. Reiterates Earnings Guidance for the Fiscal 2025

Darden Restaurants, Inc. Declares Quarterly Dividend, Payable on November 1, 2024

Darden Restaurants, Inc. to Report Q1, 2025 Results on Sep 19, 2024

Dominican Sisters Files an Exempt Solicitation Statement and Request Vote for its Proposal

Dominican Sisters Files an Exempt Solicitation Statement and Request Vote for its Proposal

Darden Restaurants, Inc. (NYSE:DRI) entered into a definitive agreement to acquire Chuy's Holdings, Inc. (NasdaqGS:CHUY) for approximately $660 million.

Darden Restaurants, Inc. (NYSE:DRI) entered into a definitive agreement to acquire Chuy's Holdings, Inc. (NasdaqGS:CHUY) for approximately $660 million.

Darden Restaurants, Inc.(NYSE:DRI) dropped from Russell 1000 Growth-Defensive Index

Darden Restaurants, Inc., Annual General Meeting, Sep 18, 2024

Darden Restaurants, Inc. Declares Cash Dividend for the Fourth Quarter Ended May 26, 2024, Payable on August 1, 2024

Darden Restaurants, Inc. to Report Q4, 2024 Results on Jun 20, 2024

Darden Restaurants, Inc. Announces Re-Designation of Todd A. Burrowes from President, LongHorn Steakhouse to President, Business Developmentm, Effective May 27, 2024

Darden Restaurants, Inc. (NYSE:DRI) announces an Equity Buyback for $1,000 million worth of its shares.

Darden Restaurants, Inc. to Report Q3, 2024 Results on Mar 21, 2024

Darden Restaurants, Inc. Declares Quarterly Dividend, Payable on February 1, 2024

Darden Restaurants, Inc. to Report Q2, 2024 Results on Dec 15, 2023

Darden Restaurants, Inc. Announces Board Changes

Darden Restaurants, Inc. to Report Q1, 2024 Results on Sep 21, 2023

Darden Restaurants, Inc., Annual General Meeting, Sep 20, 2023

Darden Restaurants, Inc. (NYSE:DRI) completed the acquisition of Ruth's Hospitality Group, Inc. (NasdaqGS:RUTH).

Darden Restaurants, Inc. to Report Q4, 2023 Results on Jun 22, 2023

Darden Restaurants, Inc. (NYSE:DRI) entered into a definitive merger agreement to acquire Ruth's Hospitality Group, Inc. (NasdaqGS:RUTH) for approximately $710 million.

Darden Restaurants, Inc. Provides Earnings Guidance for the Full Year 2023

Darden Restaurants, Inc. to Report Q2, 2023 Results on Dec 16, 2022

Darden Restaurants, Inc. to Report Q1, 2023 Results on Sep 22, 2022

Darden Restaurants, Inc., Annual General Meeting, Sep 21, 2022

Darden Restaurants, Inc. to Report Q4, 2022 Results on Jun 23, 2022

Darden Restaurants, Inc. to Report Q3, 2022 Results on Mar 24, 2022

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired Olive Garden Property in Pennsylvania US from Darden Restaurants, Inc. (NYSE:DRI) for $4.2 million.

Darden Restaurants, Inc. Provides Earnings Guidance for the Fiscal 2022

Darden Restaurants, Inc. Increases Earnings Outlook for Fiscal 2022

Darden Restaurants, Inc. Provides Earnings Guidance for the Fiscal Year 2022

Darden Restaurants, Inc. Provides Earnings Guidance for the Fourth Quarter Fiscal Year 2021

Darden Restaurants, Inc. to Report Q3, 2021 Results on Mar 25, 2021

Darden Restaurants, Inc. Announces Executive Changes, Effective January 4, 2021

Darden Restaurants, Inc. to Report Q2, 2021 Results on Dec 18, 2020

Four Corners Property Trust, Inc. (NYSE:FCPT) acquired LongHorn Steakhouse property, Florida US from Darden Restaurants, Inc. (NYSE:DRI) for $3.2 million.

Darden Restaurants, Inc. to Report Q1, 2021 Results on Sep 24, 2020

Darden Restaurants, Inc.(NYSE:DRI) dropped from Russell 1000 Defensive Index

Darden Restaurants, Inc. Announces Sales Guidance for First Quarter of Fiscal 2021

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age