Brad Richmond will leave in March unless a new CFO is foundsooner, Orlando, Florida-based Darden said in a statement today.The company also is cutting one layer of field operations forits restaurants, eliminating about 60 jobs and selling itsairplanes, which will save about $20 million a year, i
Darden chief financial officer Brad Richmond and chief human resources officer Daisy Ng will depart the company next year as the restaurant group overhauls its executive ranks, according to a statement on Tuesday.
But in recent months, higher shrimp costs have become another factor weighing on Red Lobster. Chief Financial Officer Brad Richmond says the company is facing a $30 million increase in shrimp costs on an annual basis.
Date: Mar 21, 2014
Category: Business
Source: Google
Red Lobster shucked, Olive Garden kept in parent company end-of-year shuffle
cialty Restaurant Group and New Business, has been selected to serve as Chief Executive Officer of Red Lobster following the separation. Brad Richmond, who has been Senior Vice President and Chief Financial Officer of Darden since 2006, is expected to become Chief Financial and Administrative Officer.
Red Lobster President Salli Setta will remain in that position. If Red Lobster is spun off, Darden Senior Vice President and Chief Financial Officer Brad Richmond will become chief financial and administrative officer for Red Lobster once the transaction is complete. Darden said it's started the pr
Date: Dec 19, 2013
Category: Business
Source: Google
What Olive Garden and Red Lobster tell us about the economy
On its conference call Thursday morning, one analyst asked whether the decline in labor costs was a one-time thing or would continue over time. We would expect to continue to see year-over-year improvement on the restaurant labor line, said Brad Richmond, chief financial officer of Darden. Maybe
Date: Sep 21, 2012
Category: Business
Source: Google
Darden's profit rises 10 percent, but Olive Garden, Red Lobster sales weakness ...
Still, because of the strong collective long-term prospects for our portfolio of brands, we are accelerating new restaurant growth in fiscal 2013, said Chief Financial Officer said Brad Richmond. He said about 100 net new restaurants will open in fiscal 2013. The company has 89 more restaurants at