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jCarbonara
Joe Carbonara

Double Dose of Disruption

Business leaders often look over their shoulders trying to find the next disruptive player or event that will shake up their organizations. Well, in a matter of weeks spanning August to the beginning of September, the foodservice industry got a double dose of disruption.

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jMartinez
Juan Martinez

Electronic Ordering Insights

Kiosk ordering seems all the rage in today’s foodservice industry. While the process seems simple and intuitive for many consumers, implementation is another story. 

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jStiegler
Jerry Stiegler

Over-Expansion May Be Hurting Restaurants, Restaurant Employment Fell in September, Coffeehouse Sales on the Rise and More

Merrill Lynch says over expansion is hurting restaurants. Restaurant employment fell dramatically in September. Premium products are driving up coffeehouse sales. Fast-casual restaurant sales growth is slowing in Canada. These stories and more This Week in Foodservice.

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Highlights

Lee Steps in as Interim CEO for Darden

Shareholders replace entire board.

The Darden Board of Directors named Gene Lee the company’s interim chief executive officer. Lee, who previously served as Darden’s president and chief operating officer, replaces Clarence Otis, who has stepped down from his role as CEO, effective immediately.

The news comes on the heels of Darden’s shareholders voting to replace the company’s entire board of directorswith those individuals nominated by hedge fund Starboard Value LP. The change took place even though Darden reported that Olive Garden comparable store sales were up slightly, gaining 0.8 percent in August and 0.6 percent in September.

Earlier this year,Darden sold its Red Lobsterconcept to Golden Gate Capital. At that time it was announced Otis would resign.

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