Darden Appoints Jeffrey Davis CFO

(RTTNews) - Darden Restaurants Inc (DRI) on Wednesday said it has appointed Jeffrey Davis as senior vice president and chief financial officer, effective July 16.

Davis will succeed Brad Richmond, who will be moving into an advisory role to assist with the transition. As previously announced, Richmond will be leaving Darden at the end of the month after more than three decades of service.

In his role as CFO, Davis will assume responsibility for areas finance and accounting, corporate tax, treasury and investor relations, among others. He will report to Darden Chief Executive Officer Gene Lee.

Most recently, Davis served as executive vice president and CFO for the Walmart U.S. segment of Walmart Stores Inc.

Darden, based in Orlando, Florida, owns and operates more than 1,500 restaurants that generate $6.8 billion in annual sales.