Darden Names Bill Lenehan CEO of Proposed REIT

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Go back to Darden Names Bill Lenehan CEO of Proposed REIT

Darden Restaurants (DRI) Appoints CEO of Four Corners Property Trust

August 17, 2015 9:01 AM EDT

Darden Restaurants (NYSE: DRI) announced that Bill Lenehan has been named CEO of Four Corners Property Trust, Inc., the real estate company that is expected to be separated from Darden later this year in a spin-off, split-off or similar transaction. Four Corners is expected to elect to be subject to tax as a real estate investment trust (REIT) effective January 1, 2016. Until the separation, Lenehan will report to Darden CEO Gene Lee. Lenehan's appointment as CEO of Four Corners is effective August 17.

"The Board and I have been incredibly impressed with Bill's leadership,... More