Clerence Otis

Non Executive / Chief Executive Officer
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About

Leadership: Led Darden Restaurants, Inc., the largest company-owned and operated full-service restaurant company in the world, as CEO for 10 years, achieving sales growth of over 75% during the period. Known as a purpose-driven and values-based leader, Darden being recognized by Fortune magazine for four consecutive years during his tenure as one of its 100 Best Companies to Work For. Named one of the most influential directors in the board room by the National Association of Corporate Directors in 2019.

Consumer/B2B/retail: Brings deep and valuable insights into consumer services and retail operations gleaned from his experience leading a Fortune 500 company that owned well-known national consumer brands including Olive Garden, LongHorn Steakhouse, Red Lobster and Capital Grille. Further consumer and retail expertise through a board position at VF Corporation, which owns well-known national brands including Timberland and North Face.
Financial expertise: Gained substantial financial expertise through, among other roles, investment banking positions of increasing seniority over 12 years, the CFO role at Darden, serving as a director of the Federal Reserve Bank of Atlanta and as trustee or director of mutual funds pursuing a wide array of investment strategies.

Risk management: Acquired significant expertise with financial risk assessment and enterprise risk management during his career in investment banking and at Darden, as well as through his many years of service on the Federal Reserve Bank of Atlanta Board, the audit committees of VF Corporation and Verizon, the Investment & Capital Markets Committee of Travelers and as a trustee of 138 funds within the MFS Mutual Funds complex.

 

Personal Details

Title: Mr
Surname: Otis
DoB: 11/04/1956
Age: 70 years
M/F: Male
Nationality: American
Country of Birth: United States of America
Language: English
Qualification: POL.SCI, BSc, JD
Industry:

 

Qualifications & Experience

 

Industry Experience +5yrs:
Industry Qualification +5yrs?:
Finance experience +5yrs?:
Finance Qualification +5yrs:
Legal experience +5yrs?:
Delinquent director?:
Other Experiences?:
Collapsed company director?:

 

Other directorships (state)

(only entities turnover at least $5m p/a)

CompanyCommitteePositionDate Appointed
BoardMember01/01/2017
BoardMember01/01/2004
BoardMember01/01/2017

 

Working history

 

Committee/s

CompanyCommitteeRoleAppointment DateResignation Date
Verizon CommunicationsBoardMember01/01/2006
Verizon CommunicationsAuditMember01/01/2006
Verizon CommunicationsOther (specify)Member01/01/2006
Verizon CommunicationsOther (specify)Member01/01/2006
VF CorporationBoardMember01/01/2004
VF CorporationAuditMember01/01/2004
VF CorporationExecutiveMember01/01/2004
VF CorporationOther (specify)Member01/01/2004

 

Independence Questions

Any family members working for the company?:
Are you doing business with the company?:
Do you hold shares in the company for more than 0.10%? (directly or by representation):
Is your Director annual fee more than 5% of your total income from all sources?:
Are you more than 10 years as a director?:
Are you an executive chairperson?:
InsidEntity has assumed that responses to the Independent Questions are NO as the company has not populated the information. The result will present the Director as Independent.
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