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LongHorn Steakhouse

Leadership

How the pandemic is restructuring restaurant companies

Big-name players are realigning top management to provide more flexibility and give additional attention to new revenue streams.

Leadership

Olive Garden's parent names CEO Gene Lee chairman

Rick Cardenas will move up to president and COO of Darden Restaurants while Raj Vennam will become CFO.

Parent Darden Restaurants is sketching out a five-year technology "road map" while looking at increased expansion opportunities for its biggest brand.

Included were 225 Darden employees who opted for early retirement and former COO Dave George, whose departure was described as an “involuntary separation.”

Gene Lee went from zero dollars, the pay level he set for himself to help Darden Restaurants and its employees, to $1 million a year.

The pandemic has slowed R&D, but chains are luring consumers with meal deals.

LongHorn Steakhouse

The Darden Restaurants chain is now generating takeout and delivery sales at an annualized rate of $2.8 million per store.

Diners crave both healthier fare and comfort foods in winter.

The casual steak chain outperformed all of its sister operations, largely because of how it handled personnel, its parent company said. Olive Garden's comps rose 1.5%.

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