Flashback | Darden CEO Clarence Otis Is Bear Case and Needs to Go Says Hedgeye's Penney

In early March, Hedgeye Restaurants Sector Head Howard Penney sat down with CEO Keith McCullough to discuss embattled restaurant company Darden and why its CEO must go. This afternoon, it was announced that CEO and Chairman Clarence Otis is stepping down and that Darden is changing its corporate policies to split the chairman and CEO roles. Shares are up almost 5% after-hours on the news.