darden restaurants inc (DRI:New York)

Executive Profile*

Background*

Mr. Clarence Otis, Jr., serves as the Chairman and the Chief Executive Officer of Red Lobster Inc. Mr. Otis has been the Chief Executive Officer of Darden Restaurants Inc. since November 29, 2004. He serves as the President of Travelers Property Casualty Corp. (formerly, St. Paul Travelers Companies Inc.). He joined Darden Restaurants in 1995 as Vice President and Treasurer and also served as its Senior Vice President of Investor Relations from July 1997 to August 1998, ... Senior Vice President of Finance from August 1998 to December 1999, Senior Vice President from December 1999 to April 2002, Chief Financial Officer from March 2002 to December 19, 2002 and Executive Vice President from March 2002 to November 2004. Mr. Otis served as the President of GMRI, Inc. He served as the Chief Executive Officer of Darden Restaurants from December 2004 to November 2005. He joined Darden from Chemical Securities Inc.(now JP Morgan Securities Inc.) and served as its Managing Director and Manager of Public finance. He served as the Managing Director of Public Finance of Chemical Banking Corp., (now J.P. Morgan Securities, Inc.). from 1992 to 1995 and as its Vice President of Public Finance from 1991 to 1992. He served as the President of Smokey Bones restaurant Division at Darden Restaurants Inc. since December 19, 2002. He served as the Managing Director of Public Finance of Muriel Siebert and Company from 1990 to 1991 and as Vice President of Public Finance of Credit Suisse First Boston from 1987 to 1990. Mr. Otis has been an Executive Chairman of Darden Restaurants Inc. since November 29, 2005 and its Executive Director since September 29, 2004. He has been a Director of Verizon Communications Inc. since January 19, 2006 and of V.F. Corporation since January 5, 2004. He serves as a Director of Federal Reserve Bank of Atlanta. He serves as a Director of Travelers Property Casualty Corp., and Preserve Eatonville Inc. He served as a Director of The Travelers Companies, Inc. since September 2002. He served as a Director of The St. Paul Companies, Inc. since September 2002. He served as a Director of Enterprise Florida Inc. He is also a Member of various associations, including the Financial Executive Institute, Executive Leadership Council and a Member of the New York Bar. Mr. Otis received his JD from Stanford Law School in 1980 and his BA, magna cum laude in 1977 from Williams College, where he was also Phi Beta Kappa.

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DRI:US	$52.83 USD	-0.39

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